This is the third in the series of articles to understand the Revised GST Model Law. The purpose is mainly to create 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 Revised GST Model Law has been put in public domain on 26th November, 2016. This law requires in the opinion of the paper writers amendments to make it workable. However, as...
This is the sixth in the series of articles to understand the Revised GST Model Law. The purpose is mainly to create 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 Revised 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 number of amendments to make it...
Read moreBackground
World over in well run countries VAT or GST (expression used interchangeably) have the following characteristics which are good and adopted by India such as merging multiple taxes, reducing the trade barriers (abolition of check posts and end of resulting corruption), fast track refunds among a few other aspects.
The Model GST law in its present form hosted for public comment appears on the face of it (in plain reading) a disaster waiting to take India down...
Read moreMany of us have been wishing for enhancing our knowledge in this new law. At present we only have the Model law. Some of us are waiting for the final Act & Rules to start. In the last couple of weeks in various awareness seminars a common question has been how does one start in this area and more towards being a knowledgeable professional.
Some of us may have some exposure to VAT or Service Tax for whom there may be a need to unlearn a few concepts. Some provisions have been picked...
Read moreThis material and the information contained herein prepared by Hiregange & Associates intended for clients and other chartered accountants to provide legal updates on indirect tax and is not an exhaustive treatment of such subject. We are not, by means of this material, rendering any professional advice or services. It should not be relied upon as the sole basis for any decision which may affect you or your business.
Advance Ruling
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