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 …

GST Executive Summary – Pramod Kr. Rai GST LAW: EXECUTIVE SUMMARY I. At present we have a tax regime for Goods and Services with the following complexities: – i. The taxing event for taxes levied by Centre and taxes levied by States are different, for example taxing event for Excise is manufacture, whereas taxing event …

  Levy of tax under GST by Puneet Agrawal (Gst Law India)Watch this video on YouTube Levy under GST – an analysis of the provisions by Mr. Puneet Agrawal (Adv). For more details visit here and here.

Hello Readers! Greetings from GST Law India Team! Today we have got the 10 point summary of existing taxpayers-migration to GST Portal under GST. Give it a read and we would be pleased to have your feedback! Happy reading! Read the points below or find the link to the file. With effect from 08th November, 2016, …