With the Finance Minister resolute on introducing GST on 1st July 2017, businesses are left with no choice but to get ready for the most awaited tax reform.
The GST legislation contains an anti-profiteering clause which mandates manufacturers and others in the supply chain to pass on the benefits arising due to GST transition to consumers.
The Goods & Services Tax is one step closer to reality with the rates of most products being announced yesterday, May 18, 2017. Based on the proposed rates, it does
Australia is said to be the first country to introduce an anti-profiteering provision during GST introduction in the year 2000, followed by Malaysia in the year 2015.
In the last few decades, the telecom sector has emerged as one of the largest services sectors in India. Impact of GST on Telecom sector.
The Lok Sabha will be discussing four GST bills i.e. CGST, UTGST , IGST and Compensation today. Read key changes between what was proposed as the Model Draft GST Law.
The banking sector is one of the largest services sectors in India. The implementation of the Goods & Services Tax (GST) will likely prove to be a challenge for the sector on two counts.
The government is on a war footing to push the passage of the Goods and Services Tax (GST) in this Parliament session. And as we look forward to the GST becoming a reality.
The Goods and Services Tax (GST) Council, in its 11th meeting held on March 4, 2017, decided on some key contours of the CGST and IGST Acts.
The government seems resolute to bring in the GST regime soon. With activity happening at a frantic pace, it might not be too long before the new tax regime kicks in.
The GST or the Goods and Services Tax, is a new tax regime being introduced in India and will be levied on all transactions of goods and services made for a consideration.
The Economic Survey 2016-17 (ES) that was tabled yesterday (January 31, 2017) acknowledges that last year was marked by two major domestic policy developments
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