Formats of invoice issued under GST regime Invoicing under the GST regime will be BEGINNING OF “PAPERLESS TRANSACTIONS ERA” in this respect we should know the exact format of the invoice that will be put to use after April 2017. Government is striving hard to make it to the date.
Benefits of GST to home buyers – In the next lifetime! The GST structure as it stands today shall only result in higher property costs for the home buyers. Non‑exclusion of land value from GST net, non-availability of ITC to developers and irrational Valuation Mechanism shall lead to such an anomaly.
GST IMPACT ON EDUCATION SECTOR Education in India is presently covered as one of the priorities of the Government and as such is allowed tax relief both in direct and indirect taxes. So far as indirect taxes are concerned, education is considered as a service and as such it is subject to levy of service […]
Appearance & Audit under GST Law Indian Legislature provided special class of persons called Advocates in Advocates Act, 1961 to practice all Indian laws. Section 29 of Advocator Act, specifies that Advocator alone are entitled to practice the profession of Law & Section 33 of Advocates Act specifies that Advocates alone entitled to practice the […]
GST: DISTORTIONS TO BE COUNTER PRODUCTIVE The three day meeting of GST Council scheduled from 18th to 20th October, 2016 ended in two days only with a resolve to meet again on 3-4 November and then on 9-10 November, 2016 to discuss rate stricture and draft GST law respectively. The winter session of Parliament has […]