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Here on this page, we have covered almost all the relevant articles based on the Goods and services tax. The GST article posts cover extensive topics concerning registration, GST filing process, Form details, and much more.
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GST migration is nothing but transfer of existing client data from older system to the new system (GST system). The objective is to help existing clients to do business without any hassle, sort out inconsistencies and get ready for smooth transition towards the implementation on the date April 1, 2017. This is going to be a challenging task and will give us a clear picture of where are all the things stand.
In GST model Law separate provisions have been prescribed to determine the time of supply of goods and services. Liability for GST will arise only at time earliest of occurrence of events of supply, which will be determined as under-
Section 7 of Modal Law GST, The charging section provides that all intrastate supply would be liable to GST, Rate of Taxes, Manner and collection of Tax and the Person who are liable to pay such Tax.
The Media industry in India is known for growth at a faster rate. India is globally the fifth largest media arena. Penetration of smart-phones and the Digital India initiative have led to a spurt of activities in the digital sector.
Enrollment has been started from 8th November for all the states and the last date for GST registration will be running until 31st March 2017.
What a great infusion of government and general public has been showcased in this recent time when there is a whirl of Goods and Service tax around the nation. The one tax rate concern is a very old issue, perhaps started in 1974 in the United States, when Arthur Laffer an American economist first jot down the one tax case what is known popularly as ‘laffer curve’.
The tourism industry is going in a miserable position as many of the expectations are sticking towards the upcoming GST. As speculated the GST council fixed tax rate over the hotel and tourism industry close to 28% along with full input tax credit return which is considered very high in terms of the highly volatile market.
GST impact on electronics industry is slightly negative as there are many products which are liable to be under lesser tax slab but still reeling under heavy tax pressure.
Education is one of the major sectors of any economy. The education of country’s youth will decide how the economy of that country will flourish. Education promotes understanding, vision, creativity and productivity of people which helps in the advancement of a country. In India, Education is provided with both by the public as well as private sector.