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
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 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 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
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
Are Directors Personally Liable for Company’s Tax Dues? In Anita Grover v. CCE [2013] 22 GSTR 264 (Delhi), the petitioner, an erstwhile director of the company, owned three proper¬ties. After she had resigned from the post of director of the company on April 2, 199, she received three
Judicial stamp papers don’t have any expiry The Trial Court and the High Court have doubted the genuineness of the agreement dated 5.1.1980 because it was written on two stamp papers purchased on 25.8.1973 and 7.8.1978. The learned counsel for first respondent submitted that apart
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 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.
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.
