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 should be place of official place of business and not place of actual recipient.
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 pay to Delhi ₹ 9.9 for IGST used for payment of SGST **Note- 2 : Maharashtra Read more…
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. Tax structure under GST Model for within state sale of Goods • Total Revenue to Government Read more…
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 is one indirect tax for the whole nation, which will make India one unified common market. Read more…
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 be brought as a Financial Bill and not as a Money Bill: Chidambaram Please now, on Read more…