Understanding GST Model Law - Input Tax Credit

  • Category: Input Tax Credit
  • Date: 05-12-2016
  • Writers: CA Madhukar N Hiregange, CA Roopa Nayak

This is the eight in the series of proposed articles on the GST Model law. No 7 was on Input Services tax credit. The purpose is mainly to create awareness and enable one to look at the unintended impact as maybe applicable for each sector/ person. It could also aid in representation needed for amendment of the Model GST Law to make it tax payer friendly and meet the objective of clarity, certainty and transparency.    

Background   

Same as Part - 7 (Please see earlier...

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Understanding GST Model Law - Tax credit on Capital goods

  • Category: Input Tax Credit
  • Date: 15-07-2016
  • Writers: CA Madhukar N Hiregange, CA Roopa Nayak

This is the ninth in the series of articles to understand the GST Model Law. The purpose is mainly to create an awareness and enable one to look at the unintended impact on his her sector. It would aid in making representations to make this law tax payer friendly, simple and transparent.  

The GST Model Law has been put in public domain to get the feedback for amendments. This law requires in the opinion of the paper writers amendment to avoid cascading and reach the objective of...

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Understanding GST Model Law – ITC

  • Category: Input Tax Credit
  • Date: 13-07-2016
  • Writers: CA Madhukar N Hiregange, CA Roopa Nayak

This is the seventh in the series of proposed articles on the GST Model law. The purpose is mainly to create awareness and enable one to look at the unintended impact as maybe applicable for each sector/ person. It could also aid in representation needed for amendment of the Model GST Law to make it tax payer friendly and meet the objective of clarity, certainty and transparency.

Background

The cenvat credit scheme under present law was intended to be a beneficial scheme to allow the...

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