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SALIENT FEATURES OF PROPOSED GST GST is a consumption based levy. Destination principle would be applicable in normal course of business to business [B2B] other than for few services and business to consumer.[ B2C] GST is propose GST to be in place by April 2016- maybe a bit optimistic. In an ideal GST, all the
Learn MoreNew Delhi, 17 December In a first for the Indian tax- filing system, the country’s 6.5 million dealers might have to pay a nominal user charge when they file their returns on a unified portal once the unified Goods and Service Tax ( GST) comes into force. This concept is being considered by Goods and Service
Learn MoreBS REPORTER New Delhi, 17 December After a prolonged wait, the Cabinet on Wednesday approved the Constitutional Amendment Bill on the Goods and Service Tax (GST), paving the way for the legislation to be introduced in the current winter session of Parliament, which will end on December 23. The Bill is learnt to have sought to include petroleum within
Learn MoreBS REPORTER New Delhi, 15 December The Constitution amendment Bill on a national goods and services tax ( GST) is likely to be tabled in the current session of Parliament, after the Centre agreed on two main demands of the states, on petroleum products and compensation for revenue loss after the new indirect tax system is
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