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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...

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...

Background    

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...

Many 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...