Goods and Services Tax - Exports are good for any economy due to various reasons including the most popular reason of foreign currency being received by exporters. In GST exemption is a bad thing because it breaks the input tax credit chain and results in distortion of tax system. ...Read More
Goods and Services Tax - GST is a destination based consumption tax which is a major departure from existing origin based taxation system. Under destination based taxation system broadly tax will accrue to the location/state which is determined as place of supply under GST....Read More
Goods and Services Tax - India had an internet user base of about354 million as of June 2015 and is expected to cross 500 million in 2016.Despite being the second-largest user base in world, only behind China (650 million, 48% of population), the penetration of e-commerce is low compared to markets like the United States (266 million, 84%), or France (54 M, 81%),...Read More
Goods and Services Tax - In the present system of taxation every company in the retail sector plans locations of its warehouses and branches in order to avoid cost of CST. Suppose if a retailer is located in Delhi and it procures material from a manufacturer in Maharashtra then normally they prefer the route of stock transfer against f form to avoid CST although...Read More
Goods and Services Tax - The proposed GST will cut short the time taken to deliver goods, saving of fuel, saving of additional expenses at check posts due to corruption etc. In this article all the possible opportunities, actions plans to be taken and representation to Govt. authorities on various issues are discussed....Read More
Do you think #GST Council should provide option to Revise Form GSTR-3B?— Tax Guru (@taxguru_in) November 13, 2017
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