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SCHEDULE II of revised draft GST Model law
Revised model GST law has inserted Schedule II into the definition of term Supply which covers the matters to be treated as supply of goods or services.Here we will provide the text of Schedule II as given in revised draft of Model GST law. An
CA Shafaly GirdharwalNov 28, 2016Supply in new model GST Law
Supply is the taxable event for the levy of GST. The definition of supply has been changed to include some more clarity and type of transactions. The new definition of supply in new model GST law is given in section 3. Meaning and scope of
CA Shafaly GirdharwalNov 28, 2016New Income Disclosure Scheme by Manoj Agarwal
Proposed Salient Features of New Income Disclosure Scheme for disclosing black money held as cash. This new income disclosure scheme is proposed to be passed in parliament. 1.This income disclosure scheme will be applicable for undisclosed income in the form of Cash or deposits (including
Manoj AgarwalNov 28, 2016The Major Changes In The New Model GST Law
New Model GST law is on public domain now. Here I have compiled the major changes in the proposed draft. 1) Exclusion Of Securities- Government has now specifically excluded securities from the definition of ‘goods’ under Section 2(49) and ‘services’ under Section 2(92) of the
Basic Scheme of Revised Draft Model GST Law
There were some posts on web about the new Model GST law and experts were expecting new law on public domain very soon. Two days back this new Model GST law alongwith two other laws was posted on the website of cbec. Many changes have been
CA Shafaly GirdharwalNov 27, 2016Analysis of Rules for grant of Foreign Tax Credit
Computation of Foreign Tax Credit (‘FTC’) in case of assessee’s with cross border payments has been a major hassle for tax professionals. Absence of well-defined set of rules, coupled with few judicial precedents had resulted in diversified practices. The Central Board of Direct Taxes (‘CBDT’)
CA Paras DawarNov 27, 2016New GST Model law November 2016
New GST Model Law is here. It as expected from some days and there were some posts in media from undisclosed sources. But today the amended Law has been placed on the website of CBEC itself. You can download it here. New GST model law
CA Shafaly GirdharwalNov 26, 2016Key changes in Model GST Law
An amended version of Model GST Law (“MGL”) has come into circulation in public domain through undisclosed sources. There is no authenticity which can be attached to the source of this document, however, the document contains certain suggestive amendments in track change mode in the
CA Gaurav GuptaNov 26, 2016
GST ComplianceMaharastra VAT GST Provisional Registration
In this article we will discuss all requirements by Maharastra VAT dealers GST provisional registration. GST enrolment has been already started by the Maharastra government. This is an excercise by the GSTIN to get the clean data of all the indirect taxpayers registered in existing
CA Nimesh DedhiaNov 22, 2016
GST CompliancePPT on GST registration and enrolment
PPT on GST registration updated till date Here I will share the PPT on GST registration. Provisions of registration are contained in section 19 of GST. Section 19 simply refer the scedule III of GST model law for liability for registration. The enrolment process for
CA Shafaly GirdharwalNov 21, 2016Provisional registration in GST: List of Docs
As we all know that GST enrolment for provisional registration are already started. FAQ for the same are already available on this portal. We have compiled the list of documents required for provisional registration in GST. All registered taxpayers in exiting indirect tax law are
Sudhir MantriNov 19, 2016Maharastra GST registration: By CA Surty
Here is step by step simple guide for Maharasta GST registration. GST registration for 5 cities including Maharastra started on 14th of November. Enrolment is the first step towards the GST registration. GST enrolment is mandatory for all existing registered taxpayers. It is free and