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GST ComplianceOutcome of day one of third meeting of GST council
Day one of third meeting of GST council was quite productive. Matters of prime importance were discussed and the consensus was made on some of them. Four rate tax structure: GST council has agreed to a four rate tax structure wherein 6% will be the
CA Shafaly GirdharwalAgenda for third meeting of GST council and why it is crucial
As the crucial three-day meeting of the GST Council, comprising state finance ministers, starts Today- As the crucial three-day meeting of the GST Council, comprising state finance ministers, starts Today, here is a look at the the agenda and key challenges before the council. Agenda
Impact of GST on IT sector : By CA Rashmi Jain
Impact of GST on IT sector IT services will definitely get taxed at a higher rate than the prevailing Service Tax rate of 14.5%. Thus prima-facie it appears that cost of IT services would jump, especially for end customers who do not claim input credit.
Impact of GST on Importers and Exporters: By CA Rashmi Jain
Impact of GST on Importers and Exporters We are seventh largest economy in the world and presumably fastest growing. Imports and exports both show economic growth and the trends in domestic Indian demand for goods and services. GST will change the way of doing business
GST and Logistic Industry – Likely scenario
Presently the transporters transporting goods and engaged in logistics business suffer from a very complex and tax centric approach. GST will have impact on this industry – perhaps more than other service providers. 2. The industry at present keeps in mind the provisions of CST
GST and Infra Sector including Real Estate: By CA Rashmi Jain
GST and Infra Sector including Real Estate Since completed homes will not be impacted by GST as a buyer already pays stamp duty to the government on the transaction so selling an under-construction apartment and renting of properties are likely to come under the ambit
Impact of India’s GST model on retail trade by CA Rashmi Jain
Impact of India’s GST model on retail trade While there is no structured study undertaken with the relevant data that is known to My Take; an attempt is made in this note to understand and appreciate the impact of India’s GST model on retail trade.
Detail analysis of Job work provisions under GST Model Law
Job work provisions under GST Model Law.Detailed analysis as per draft GST Law. It is replaced by the CGST Act from 1st july 2017.
CA Shafaly GirdharwalReverse charge provisions under GST
Reverse charge provisions under the GST-Reverse charge is going to be an important aspect for GST as now reverse charge will be not only on services but also be applicable on Goods. We have summarized all the provisions relating to reverse charge here in this
CA Shafaly GirdharwalValuation under GST: By CA Milind Kale
This is very important topic under GST. Please find attached the pdf for detail analysis on valuation in GST.
IGST Act: Section wise notes by CA Milind Kale
Transition provisions for registration under GST
Transition provisions for registration under GST- GST council has recently adopted the procedures for the registration of taxpayers under GST. It has also released the format of all forms required to be filed under the GST regime. Provisional Registration in Form GST REG 21: For
CA Shafaly Girdharwal