30 11, 2016

Government ready to discuss on GST Bills in Winter Session

By | 2016-11-30T11:49:27+00:00 November 30th, 2016|GST News|

The Government ready for discussion on the three GST legislations in Parliament even as the Lok Sabha on Tuesday pushed through the I-T Amendment Bill amid din without debate. The government wants these Bills to be approved by the two Houses of Parliament with a consensus in the ongoing Winter Session so that the new tax [...]

30 11, 2016

Revised Model GST Law : A Review

By | 2017-04-06T10:48:45+00:00 November 30th, 2016|GST News|

The Government Presented a revised draft model Goods and Service Tax Law last weekend. This Includes : The Model Goods and Service Tax Law The Model Integrated Goods and Service Tax Law Draft Goods and Service Tax Compensation Law The esssential part of these is the Model GST Law that includes mechanism of GST i.e [...]

29 11, 2016

All you need to know about GST Registration Migration

By | 2017-04-06T10:48:45+00:00 November 29th, 2016|GST Articles|

How to migrate to GST Registration Registration is fundamental to the administration of any tax. The taxpayer enrolls himself by following the prescribed procedure, and thereafter a unique identification code is granted to such taxpayer, which is to be used in all correspondence. For the introduction of Goods & Services Tax or GST, it [...]

29 11, 2016

Assocham tied up with Tally Solutions to understand GST for traders

By | 2017-04-06T10:48:45+00:00 November 29th, 2016|GST News|

Assocham has tied up with Software product firm Tally Solutions to enlightenment the upcoming Tax reforms Goods and Service Tax (GST). As part of the collaboration, Assocham and Tally Solutions plan to conduct a series of conferences for the retail community across the nation, over the next few months.  Tax experts from government bodies will [...]

29 11, 2016

Know How | GST will help in creating more Jobs

By | 2017-04-06T10:48:46+00:00 November 29th, 2016|GST News|

The Implementation of GST will lead to 11% in Job creation. HR services provider TeamLease said that GST would not only have a positive impact on the ease of doing business but also propel formal job creation. "Adoption of GST will lead to an 11 per cent growth in hiring across sectors. Further, from a region [...]

29 11, 2016

How Denomination will impact market growth in short term

By | 2016-11-29T11:49:19+00:00 November 29th, 2016|GST News|

India's Market growth would be low in short term due to the ongoing denomination programme, said Hindustan Unilever Ltd (HUL). But in long term it would be definitely good for everyone. "In the short term, market growths to be adversely impacted for a few months," HUL said in a investor's presentation. But the company strongly [...]

28 11, 2016

GOOD NEWS : Relief for Banks and Securities

By | 2017-04-06T10:48:46+00:00 November 28th, 2016|GST News|

The Government has excluded securities from the definition of 'Goods' in the revised draft Model GST Law. It has been done for the relief of stock market, banks, brokers and mutual funds. Section 2(49) of the revised draft model law states that “goods’’ means every kind of movable property other than money and securities. The [...]

28 11, 2016

IMPORTANT UPDATE : 25 Key Changes in New GST Law

By | 2017-04-06T10:48:46+00:00 November 28th, 2016|GST News|

The Government has proposed revised Goods and Service Tax Law with an 'anti-profiteering' clause to ensure to ensure that businesses pass on any benefit of reduction in tax rates to consumers, a move aimed at checking any spike in prices of commodities as a result of the rollout of the ambitious tax reform measure. 25 Major Key [...]

26 11, 2016

80 Items are on GST Exemption List

By | 2017-04-06T19:58:40+00:00 November 26th, 2016|GST News|

While the exemption list has not been finalized as yet, it is learned that about 80 items would form part of exemption list (i.e. no GST would be applicable on it). These items include grains, non-mineral water, poha etc. A committee of officials headed by Revenue Secretary Hasmukh Adhia is preparing the item-wise list [...]

26 11, 2016

Uncertainties keep gold prices in check, no respite likely soon

By | 2016-11-26T10:53:58+00:00 November 26th, 2016|GST News|

Gold prices are down for a second week; 2 percent this week and 7 percent since demonetisation. Global gold prices hit a high of USD 1,338 on the US presidential election day and while many investors bet on the expectations of a run-up rally in gold post Trump's win, we are sitting at 9-month lows [...]