Breakthrough on dual control – expect GST from July’17

It was at the recently concluded ninth GST council meeting where the long debated and contentious issue of cross empowerment was finally resolved. Earlier the dual control matter was being discussed in the GST council meetings and was getting postponed as neither the States nor the Centre was agreeing to let go the control on[…]

Challenges for GST implementation

The Goods and Services Tax (GST) will subsume all indirect taxes and would ensure seamless flow of goods and services across the country. As the name suggest, GST will be levied on both Goods (Manufacturing and Trading) and Services. GST will replace more than a dozen type of taxes including service tax, central excise duty,[…]

What is GST

The Goods and Service Tax (GST) is a Value Added Tax (VAT) to be implemented in India, from April 2016.GST stands for “Goods and Services Tax”, and is proposed to be a comprehensive indirect tax levy on manufacture, sale and consumption of goods as well as services at the national level. Some of the highlights of[…]