Category: TAX

The Goods And Services Tax Council , as envisaged by Article 279-A of the Constitution , has approved the draft of Model Goods And Services Tax Act , 2016 and has also assented to the rules relating to registration , refunds, tax invoices , payment of tax and filing of returns . Thus the introduction of … Continue reading Concept Of Tax Invoice In The GST Regime

There are various challenges of GST that will have to be redressed for the seamless introduction of GST . These challenges will include the Principles of Taxation of Goods and Services and Rate of GST , enumeration of exempted supplies , rate of composition , subsumation of local taxes , taxation of petroleum products by … Continue reading Challenges of The GST

Government of India is keen to introduce Goods and Services tax structure in the country which aims at harmonization of the indirect taxes regime by subsuming a number of taxes levied by the Centre and the States and also to avoid multiple layers of taxation that presently exist in our country . Since Constitutional Amendments … Continue reading THE CONSTITUTION (ONE HUNDRED AND FIRST AMENDMENT) ACT, 2016