You tube channel of consultease for GST video We are here with our series of GST Video tutorials. We have our you tube channel consultease to share the contents of all consultants. On our you tube channel we have compiled all GST video on various topics.
Anti profiteering provision in GST – Is this provision a regressive provision? 1. GST will be all -pervasive with every taxpaying entity under its net. The revised model law is widely viewed by the industry to be liberal in many aspects. It has done away
GST AND WORKS CONTRACT TRANSACTIONS – DEMYSTIFICATION PRE GST AND POST GST IMPLICATIONS Through Section 3 read with Schedule II, Model GST Law taxes works contract as “service” and tax would be payable accordingly. Presently, under Section 66E(h) of Finance Act 1994, service portion of
GST Impact on works contracts and EPC In this article we will discuss the provisions of GST in context with the works contracts and EPC contracts. Works contracts have a history of litigation. It is expected to be simplified in GST. It will help in
GST impact on Power Sector At present, there are no indirect taxes on the output of the power sector, except electricity duty levied by states. As a result, all input taxes (such as capital expenditure on setting up power plants and duties and taxes on
Transitional provisions under GST-Part I In our 9th article of the series, we are discussing the very important aspect of MGL that is transitional provisions, provided in model law for all the existing taxpayers. The transitional provisions are applicable to all the existing taxpayers and
Transitional provisions under GST law (MGL)-Part II In our last article we discussed 5 issues that may arise on transition to GST law for existing tax payers. The 5 issues are summarized as below: Migration of existing taxpayers for registration under GST law; Carry forward
Transitional provisions in GST: What is the significance of migration process? Migration of existing registered persons into the GST is an exercise for updation and validation of data of existing taxpayers registered with various tax authorities for use at GST Network (GSTN) post implementation of
A basic question before we go in details of budget 2017 Let’s suppose in a section it is written that this section is applicable from 01/04/2012, then what does it mean? The answer is that this section is applicable from assessment year: 2012-13 and not
Penalties in GST Let us start from a brief on penalties in GST first. Then we will drill down to all offences which will fetch that penalty. Note: You can download this article in PDF.See link in the end of post. 1) Registered taxable person
