GST

Highlights of GST Amendments moved by Government Central Govt. to amend clauses 1, 9, 10, 12, 18 & 19 of The Constitution (One Hundred and Twenty-Second Amendment) Bill, 2014 relating to GST Highlight...

Indian federal structure and constitutional powers of states allow both, the Union and States to levy taxes on the subjects in terms of Constitution of India. While there are powers to levy taxes by t...

Highlights of Model GST law, 2016 The model GST law has been released on 14th June, 2016. It outlays the basic structure of the CGST act; SGST acts to be based on the structure laid out. The draft of...

Returns under Model Goods and Service Tax Law 1. Periodicity of Returns a Monthly Return Every registered taxable person, other than composition taxpayer u/s 8 b Quarterly Return Every registered comp...

Registration under Model Goods and Service Tax Law 1. Basic Threshold Limt Every supplier shall be liable to be registered under this Act in the State from where he makes a taxable supply of goods and...

Payments under Model Goods and Service Tax Law 1. Electronic Ledgers of actual Payments made and Input Tax Credit Every registered taxable person will have two types of electronic ledgers showing the...

Key Highlights of Draft Model GST Law Recently, on June 14, 2016, the Government has put the Draft Model GST Law on public domain after getting in-principle nod from the Empowered Committee of State F...

TDS Provisions under Model GST Law Tax Deduction at Source is not a new concept in Indirect Taxes. The TDS Provision were already prescribed in Existing VAT Laws. The Provision of TDS were held Valid...

Dear Professional Colleagues Greetings from Indirect Taxes Committee! The 122nd Constitution (Amendment GST) Bill, 2014 to thoroughly overhaul India’s indirect tax regime has been passed by the Lok Sa...

The Goods & Service Tax (GST) Bill proposes to bring e-commerce entities within the GST net to collect tax at source for all suppliers as well as file a monthly statement of transactions with every su...

The much talked about “Goods and Services tax (“GST”) regime – Single biggest tax reform since Independence” has been creating a buzz amongst all stake holders, eagerly waiting for the monsoon session...

Model GST Act- Important things to know Background Everyone is awaiting what would be outcome of Constitutional Amendment Bill in the impending monsoon session. But the government seems to be very kee...

Highlights of Profession Tax Enrollment Amnesty Scheme 2016 The Maharashtra State Tax on Professions, Trades, Calling and Employment Act, 1975 (Profession Tax Act) is implemented with effect from 1st...

The Empowered committee of State Finance Ministers has today released the much awaited model GST law June, 2016 for public debate. The new law has two Acts:- Goods and Services Tax Act’ 2016 Integrate...

after getting in-principle nod from Empowered Committee of State FMs Click here to download Model GST law.

The date to upload e-return of VAT in Maharashtra for for the month of April 2016 is extended up to 30th July 2016. Late fee for the return period April 2016 will not be attracted, if tax payment for...

Now DS-1 (Delhi Sugam-1) is mandatory in case of outward movement of goods from Delhi to all places outside Delhi Introduction:- After a series of changes under Delhi Vat in past few days like inserti...

Dealer friendly e-C Tax Web site and Changes in TNVAT Act, 2006 Introduction: In order to curb tax evasion of selected notified commodities which are brought into the State and sold without any tax pa...

GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI DEPARTMENT OF TRADE AND TAXES (POLICY BRANCH) VYAPAR BHAWAN, I.P. ESTATE, NEW DELHI-110 002 No. 3(378)/Policy/VAT/2013/1389-94 Dated : 29-01-2016 CIRC...

GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI DEPARTMENT OF TRADE & TAXES VYAPAR BHAWAN: I.P. ESTATE: NEW DELHI -110 002 No.F.7(433)/Policy-II/VAT/2012/PF/1259-70 Dated 08/01/2016 NOTIFICATION In...