5 04, 2017

GST New Rules – GST Rules & Regulations

By | 2017-04-06T10:48:14+00:00 April 5th, 2017|GST Articles|

Chapter --- COMPOSITION RULES 1. Intimation for composition levy (1) Any person who has been granted registration on a provisional basis under sub-rule (1) of rule Registration.16 and who opts to pay tax under section 10, shall electronically file an intimation in FORM GST CMP-01, duly signed, on the Common Portal, either directly or [...]

5 04, 2017

GST – CONCEPT & STATUS – As on 01st April, 2017

By | 2017-04-06T10:48:14+00:00 April 5th, 2017|GST Articles|

Introduction The introduction of Goods and Services Tax (GST) would be a very significant step in the field of indirect tax reforms in India. By amalgamating a large number of Central and State taxes into a single tax, it would mitigate cascading or double taxation in a major way and pave the way for [...]

28 03, 2017

Change in newly introduced Central GST bill – Series I

By | 2017-04-06T10:48:22+00:00 March 28th, 2017|GST Articles|

Change in newly introduced Central GST bill – Series I EXTENT OF LEVY.       CGST Act shall not apply to the state of Jammu and Kashmir. DEFINITION Agent when not disclosed has not been considered as agent in new act. Definition of agriculturist amended to include cultivation through family or under supervision. Family has [...]

5 12, 2016

Crucial changes in definitions relating to ITC – Input Tax Credit – GST India

By | 2017-04-06T10:48:44+00:00 December 5th, 2016|GST Articles|

Crucial changes in definitions relating to Input Tax Credit - ITC  Input tax credit or ITC, as it is popularly called, has been a primary highlight of the GST since its very inception, given the fact that one of the primary arguments for GST has been ‘seamless flow of credit’. The First Model of GST [...]

1 12, 2016

How to migrate to GST Registration – Part II

By | 2017-04-06T10:48:45+00:00 December 1st, 2016|GST Articles|

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 has been proposed that the registration of [...]

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 [...]

25 11, 2016

Key Changes in the Model GST Law (Amended)

By | 2017-04-06T10:48:46+00:00 November 25th, 2016|GST Articles|

Key Changes in the Model GST Law (Amended) An amended version of Model GST Law (“MGL”) has come into circulation in public domain through undisclosed sources.  There is no authenticity which can be attached to the source of this document, however, the document contains certain suggestive amendments in track change [...]

21 10, 2016

Goods and Service Tax Law – Implications on Works contract and Job work

By | 2017-04-06T10:48:55+00:00 October 21st, 2016|GST, GST Articles|

Implications on Works contract and Job work Works contract and VAT Works contract and Service Tax   Works contract and GST Job Work under GST   Read More  [...]

21 10, 2016

122nd Constitutional Amendment Bill, 2014

By | 2017-04-06T10:48:55+00:00 October 21st, 2016|GST, GST Articles|

122nd Constitutional Amendment Bill, 2014 Bill No 192-C OF 2014 THE CONSTITUTION (ONE HUNDRED AND TWENTY SECOND AMENDMENT) BILL, 2014 A BILL Further to amend the Constitution of India Be it enacted by parliament in the sixty-sixth year of the Republic of India as follows:- (1) This act may be [...]

21 09, 2016

GST Implementation – Government’s Perspective

By | 2017-04-06T10:48:56+00:00 September 21st, 2016|GST, GST Articles|

After the enactment of Constitutional (101st Amendment ) Act, 2016, the hope for advent of Goods and Service Tax (“GST”) in India is no distant dream.  GST Council has also been notified on September 15, 2016 and thus, the policy formulators have taken their positions as part of this Think-tank and shall be responsible [...]