Following driving principles will be considered while framing Place of Supply rules: Difference rules for Business to Business (B2B) and Business to Customer (B2C). For business to business provision of service place of provision...
A. Present Tax model for Provision of Service B. Example of Within state provision of service under GST Model C. Example of Inter- state provision of service under GST Model *Note-1 : Centre will...
A. Current Tax Structure for within state Sale of Goods: • Total Revenue to Government (center and state combined) will be ₹ 24.31/- • Price paid by ultimate customer will ₹ 146/- B....
Finance Ministry released today FAQ on GST along with working models on Dual GST Intra & Inter State. Dated : 3rd August, 2016 Question 1. What is GST? How does it work? Answer: GST...
When the Bill is passed today, we will prepare for the next stage of the debate, which is the Central GST Bill. I want an assurance that when that bill is brought, that will...
Constitution (122nd Amendment) Bill has been introduced in the 16th Lok Sabha on 19.12.2014. The Bill provides for a levy of GST on supply of all goods or services except for the specified goods....
Center-State Fiscal Power: Currently, fiscal powers between the Centre and the States are clearly demarcated in the Constitution The Centre has the powers to levy tax on the manufacture of goods (except alcoholic liquor...
With GST active in business arena, followings are the expectation of the businesses from it:
Government is expecting following list of benefits from GST: Simpler Tax system across nation. Broadening tax Base with reduced exemption. Better co-ordination between state and center to check evasion and administration. Better tax compliance...
Benefits of GST to economy and business in number of ways: Reduction in cascading and double taxation Reduction in multiplicity of taxes. Neutralize taxes especially for exports. GST will promote Development of common national market....
The salient features of GST are as under: GST would be applicable on supply of goods or services as against the present concept of tax on the manufacture of goods or on sale of...
Present Tax Structure in India for Indirect Taxes Proposed Indirect Tax system after GST Introduction of GST The introduction of Goods and Services Tax (GST) would be a very significant step in the field...
Friends Export payments in India is generally governed by RBI and FEMA (Foreign Exchange Management Act) . Here we present consolidate guidelines from RBI updated till July 01, 2014 , which will help you to get answer...
CERTIFIED TRUE COPY OF THE RESOLUTION PASSED IN THE MEETING OF BOARD OF DIRECTORS OF XYZ PRIVATE LIMITED HELD ON XXth of XXXX, 20XX “RESOLVED THAT MR. ABC be and are hereby severally/ jointly authorized...
Now Service Tax Registration with service tax department got easier and simpler with new procedure for registration. New procedure provide for online application for registration from www.aces.gov.in in from ST- 1, After online application...
