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 …
An analysis of the Budget 2017 (tabled on 1st Feb 2017) – changes in Service Tax and CENVAT Credit – by Athena Law Associates Link to downloadable pdf below: Athena Analysis – Service Tax & Cenvat Changes by Budget – 2017
As we all know, it is indeed a common practice to accumulate wealth without payment of legitimate taxes. Such type of unaccounted wealth or money is generally called ‘Black Money’. It is also very much common to park such type of black Money in movable/immovable properties in the names of other persons. In India, this …
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.
As we are well aware that constitutional validity of Entry Tax laws of several states was in challenge before the 9 Judges Constitution Bench of the Hon’ble Supreme Court led by the Hon’ble Chief Justice of India. The issue has been dealt with and the constitutional validity has been upheld. Despite the law laid down …
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, …
Hello Readers! Greetings from GST Law India Team! The GST structure as it stands today shall only result in higher property costs for the home buyers. Non-exclusion of land value from GST net, non-availability of ITC to developers and irrational Valuation Mechanism shall lead to such an anomaly. The Model GST law which has been …
