Hello Everyone! Today we are sharing 10 point summary on “Basic Concepts of Input Tax Credit“. Next, we would be sharing a 10 Point summary of “Conditions for taking Input tax credit“, so stay tuned! We are happy to answer any queries you may have regarding GST. Thanks Team GST Law India Read here:

Hello readers! Today we are sharing summary of “Type of registration forms prescribed in the Registration Rules and their purpose“. Next, we would share a 10 Point summary of “Input tax credit“, so stay tuned! Do share your feedback with us. Also, we are glad to address your queries relating to GST. Thanks Team GST Law India Read …

Hello readers! Today we are sharing 10 points summary on “persons who are required to obtain registration“. Next, we would share a summary of “types of registration forms prescribed by the government and their purpose“, so stay tuned! Do share your feedback with us. Also, we are most happy to address your queries relating to GST. Thanks …

Hello readers! As you all are aware that the countdown for GST implementation has already begun with just about 1 month left for GST to become a reality in India. Various Acts that will apply in the GST regime were passed by Indian Parliament in April 2017 and have received the assent of the President …

GST Rates and Compensation Cess on Goods provisionally declared. This is as per discussions in the GST Council Meeting held on 18th May, 2017 and is subject to further vetting by the Fitment Committee during which the list may undergo some changes. GST rates for certain goods like textile, footwear, biris, precious metals, etc. are yet …

The Goods and Service Tax Act have been passed by the Indian Parliament and has received assent of the President. Once the said Acts are notified and the State GST Acts are enacted, GST shall come into force. It is highly expected that GST shall come into force force from 1st July 2017. The GST …

Some of the rules have been placed in public domain by the GST Council for comments. Rules such as Valuation, ITC, Composition, Transition, etc. have been placed in public domain for the first instance. Whereas some revised version of rules have also been released, such as Rules pertaining to Invoice and Refund. The rules may …

The GST bills, namely CGST (Central GST), UTGST (Union Territory GST), IGST (Integrated GST) and GST Compensation to States Bill were introduced in the Lok Sabha on 27.03.2017. The bills are available as under for ready reference. Central Goods and Service Tax Bill, 2017 Union Territory GST Bill, 2017 Integrated GST Bill, 2017 GST Compensation …

Impact of revised model GST on Real Estate The needs of Real Estate and allied industries remain peculiar, as always. Even though the draft model law addresses many current day situations, issues like, distorted input tax credit, non-exclusion of land value, etc. continue to exist. A brief presentation discussing the issues and currently available options …

Anti–profiteeringMeasures in the Draft Model GST Law (Nov 2016)             The Goods and Services Tax Law (GST) proposed to be introduced in India, drawing powers from the 101st Constitutional Amendment Act brings in an unprecedented but much needed provision regarding anti-profiteering measures in the wake of paradigm shift in indirect …