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BASIC CONCEPTS OF GST (PART-7)

BASIC CONCEPTS OF GST (PART-7)

Systems of GST / VAT Internationally, there are three systems of Goods & Services Tax (GST) / Value Added Tax (VAT) in vogue in different …

IMPACT OF GST ON SELECT SECTORS (PART-1)

IMPACT OF GST ON SELECT SECTORS (PART-1)

GST, when comes, shall impact almost every one individually and to all sectors of trade and industry. Some of the sectors are discussed …

TAFI to give suggestions to Finance Ministry before GST roll out

TAFI to give suggestions to Finance Ministry before GST roll out

The Travel Agents Federation of India (TAFI) is set to give suggestions to the Union Ministry of Finance before the government rolls out GST (Goods …

BASIC CONCEPTS OF GST (PART-6)

BASIC CONCEPTS OF GST (PART-6)

How GST will work Generally, the dealers registered under GST (Manufacturers, Wholesalers and retailers and service providers) charge GST on the …

Budget 2016: Government may end excise exemptions for some grocery items in preparation for GST

Budget 2016: Government may end excise exemptions for some grocery items in preparation for GST

More than 300 goods are exempted from excise duty while there’s a blanket exemption for manufacturers with a turnover below Rs 1.5 crore. NEW …

Indirect taxes: Rationalise CENVAT credit as a step to align with the proposed GST

Indirect taxes: Rationalise CENVAT credit as a step to align with the proposed GST

While modalities for the Goods and Services Tax (GST) implementation are being worked upon, the Union Budget 2016/17 provides an excellent …

Move to keep power out of GST to inflate bill by 6-18%

Move to keep power out of GST to inflate bill by 6-18%

The government’s decision to keep electricity out of the ambit of the proposed goods and services tax (GST) would inflate the cost of power to …

Politics  The drama unfolds

 

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