Understand the Goods and Services Tax (GST) and its impact on businesses. Learn about GST rates, compliance requirements, and its role in simplifying taxation. Stay updated with the latest GST news and updates.
Goods and Services Tax : Is clubbing multiple financial years in a GST show cause notice legal? Explore judicial rulings and legal interpretations under Se...
Goods and Services Tax : Pink Tax refers to the higher prices women pay for similar products and services compared to men. Learn about its impact, history,...
Goods and Services Tax : Introduction to MSMEs[1] Micro, small, and medium enterprises (MSMEs) are a vital component of India’s economy, contributing...
Goods and Services Tax : Madras HC rules failure to register under GST law constitutes deliberate tax evasion. Case highlights tax liability, penalties, an...
Goods and Services Tax : Explore simplified Input Service Distributor (ISD) provisions under GST, mandatory from April 2025, detailing credit distribution,...
CA, CS, CMA : Get the latest Income Tax and GST notifications, updates, and circulars from February 10 to 16, 2025, including ITR filing deadlin...
Goods and Services Tax : KSCAA highlights issues in GST registration, suggesting uniform SOPs, better verification, geocoding fixes, transparency, and supp...
Goods and Services Tax : Karnataka CA Association urges upgrades to the Professional Tax portal, addressing issues like OTP errors, payment glitches, and l...
Goods and Services Tax : West Bengal's GST share dropped from 4.6% in 2019-20 to 4% in 2024-25. Learn about factors affecting revenue, government measures,...
Goods and Services Tax : Government addresses GST exemption on health & life insurance premiums, forming a GoM for review. Key updates on current exemption...
Goods and Services Tax : Gujarat AAAR remands GST ruling on Devendra Kantibhai Patel's consultancy services to R&B Dept. for fresh review with new project ...
Goods and Services Tax : Analysis of GST implications on High Seas Sale transactions under turnkey contracts in the Tecnimont Pvt. Ltd. vs IOCL case as per...
Goods and Services Tax : Analysis of GST classification and applicable rates for PVC floor mats for cars. Examines AAAR Gujarat's decision and the appellan...
Goods and Services Tax : Gujarat AAAR rejects Divyajivan Healthcare's appeal on GST for Diamond Plan due to lack of supporting documents detailing services...
Goods and Services Tax : Understand GST applicability on treated water from CETP. AAAR Gujarat rules it taxable at 18% under Sl. No. 24 of Schedule III, ex...
Goods and Services Tax : A Group of Ministers (GoM) is set up to evaluate the feasibility of a special cess under GST for disaster relief and recommend a u...
Goods and Services Tax : The GST Council reconstitutes the GoM on Revenue Analysis with new terms of reference to assess revenue trends, compliance, and po...
Goods and Services Tax : Rajasthan mandates virtual hearings for GST cases. Learn about the process, requirements, and compliance under the new guidelines ...
Goods and Services Tax : CBIC issues KYC compliance clarifications for couriers, reports on significant drug seizures, overvaluation cases, and announces p...
Goods and Services Tax : GSTN allows company directors to complete biometric authentication at any GST Suvidha Kendra in their home state. Read the latest ...
India is on the brink of GST. This is a major tax reform undertaken by the central government and it will be impacting the economy positively. If managed well, it has the potential to add at least 1% of Indias GDP growth. Capping the rate of tax is good. However, if the rate of tax is increased at a later stage then it will prove to be tricky.
The Union Cabinet under the Chairmanship of Prime Minister Shri Narendra Modi has approved setting up of GST Council and setting up its Secretariat as per the following details: (a) Creation of the GST Council as per Article 279A of the amended Constitution;(b) Creation of the GST Council Secretariat, with its office at New Delhi;
Now, with September 12, 2016, being notified as the appointed date for Section 12 of the Constitutional Amendment Act, GST Council shall be constituted within 60 days from September 12, 2016.
Because of GST there will be extreme changes in Taxation in our country. All the indirect taxes will come on equal platform. As everywhere movement in GST is seen, it is expected that GST will come soon. Understanding various concepts of GST is very important. We go at many place and see Ganpatis and different views, like that today we will see different views of GST.
For the Auto industry , the implementation of GST would result in manufacturers paying lower taxes which will ultimately benefit end customers.GST is going to replace as many as 17 indirect central and state tax levies. This will result into reducing compliance burden for automobile industry.
In exercise of the powers conferred by sub-section (2) of section 1 of the Constitution (One Hundred and First Amendment) Act, 2016, the Central Government hereby appoints the 12th day of September, 2016 as the date on which the provisions of section 12 of the said Act shall come into force.
As all of us are aware of the fact government is going to implement GST from 1st April, 2017 and Govt officials are running hard against time to meet the deadlines, So being Professionals, we should also brace ourselves to face GST Implementation.
Many professionals are confused as how Constitutional 122nd Amendment Bill enabling GST is published as 101st Amendment Act??? Is there any error!! No, please be assured, there is no error in publication of such an important piece of legislation which is going to redefine the tax structures & systems in India.
GST Law is the biggest indirect tax reforms in India after Independence which is going to impact one and all, right from the business fraternity to a common men. The Model GST Law is already released which gives us an opportunity to analyse various draft provisions beforehand and give suggestions for a better law.
The Government’s plan to roll out Goods and Services Tax (“GST”) from April 1, 2017, has moved an inched closer to the reality with the Hon’ble President Shri. Pranab Mukherjee signing the Government’s flagship Constitution (122nd Amendment) Bill, 2014 on GST (GST Bill), just a while ago.
