Businessmen to get ready for GST compliance

The requirement of a minimum of 16 states ratifying the 122nd Constitutional amendment bill has been completed in advance with Odisha coming in at number 16. The other states are Bihar, Nagaland, Delhi, Gujarat, Chattisgarh, Madhya Pradesh, Himachal Pradesh, Jharkhand, Haryana and Maharashtra etc. The act was achieved in 23 days against the stipulated time[…]

Impact of GST on Online Retail Sector

Reaction from online players as GST date approaches

As the mega tax reform in the form of the 122nd amendment to the Constitution of India is gathering pace the online players suddenly seem to have developed cold feet. While the government machinery is scaling up to achieve the GST implementation deadline of 1st April 2017, the online companies are coming out with excuses[…]

Revolutionary Step with Model GST Law

By now, most of the people are clear on the Goods and Service Tax concept and the proposed components of GST. We all understand that the GST will have the Centre (CGST), the state (SGST) and interstate (IGST) transaction forms. These three components will subsume most of the taxes that are charged by the centre[…]