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Recently the Cabinet Ministry has given their approval for the establishment of GST Council, notification regarding the establishment of Council was issued on Saturday the 10th day September 2016 and the provisions came into force on Monday the 12th day of September 2016.
No result found! Clear search 1. Overview of Goods and Services Tax (GST) 1. What is Goods and Services Tax(GST)? It is a destination-based tax on the consumption of goods and services. It is proposed to be levied at all stages right from manufacture up to final consumption with credit of taxes paid at previous […]
BJP MP Subramanian Swamy said that it is quite impossible to implement the GST completely and value its functionality in a proper manner unless the private companies get replaced with the state-owned companies in the GST network. This will work as a backbone to the new indirect tax regime.
Apart from paying Income Tax, there are several other forms of taxes, which Indian citizens have to pay as per law. When you are doing a job, earning money, you pay income tax. When you buy stuff from the store, you generally pay sales tax. As we can not come up with every such example […]
The income tax department gave a surprise to all payers of TDS by making an announcement that now department will pay interest on delayed TDS deduction refund and will also not lawsuit with the deductor on this issue in the future. The Central Board of Direct Taxes (CBDT) has given instructions about this to officers […]
From last some years, the lawsuits regarding the Service tax have increased due to absence of India’s most crucial taxation regime- Goods and Service Tax (GST). The GST Bill will remove several indirect taxes like service tax, VAT etc and it will create a single market for one dozen levies states.
Recently, the Indian Prime Minister Narendra Modi said about the opposition party that we hope the Congress should be to not disrupt the Parliament in this year. In return, the Congress took a dig at the NDA saying our party did not disrupt Parliament and the BJP’s “stubborn attitude” was behind the deadlock over the GST Bill.
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On the supply of goods and services in India, GST would be the complete indirect tax that would get charged. The Goods and Services Tax (GST) has been in place for more than five years, but the GST litigation is still in its infancy. It is anticipated that as time quickly passes, more and more […]
