Category Archives: Sales Tax

AGRICULTURE UNDER GST – WHETHER TAXABLE

AGRICULTURE UNDER GST – WHETHER TAXABLE
The revised model GST law on GST (version-II) defines agriculture and agriculturist. The agriculture is out of scope of GST and agriculturist is not a taxable person.

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SUPPLY BY BANKS UNDER GST

SUPPLY BY BANKS UNDER GST
GST will be levied on supplies and not on sale or service. For the purpose of GST, supply shall include:
all forms of supply of goods and/or services prepared or

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CONFISCATION UNDER MODEL GST LAW

CONFISCATION UNDER MODEL GST LAW
In GST all the indirect taxes except customs are going to be subsumed. The Central Excise Act and State VAT Acts deals with the levy of tax on goods. Central

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General Impact of GST on Indian Business

General Impact  of GST on Indian Business
Various companies are rushing to merge their subsidiaries with themselves ahead of the implementation of Goods and Services Tax (GST) to reduce tax, operational and administrative costs and

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Cenvat credit on inoivces issued by Third Stage Dealer

Cenvat credit on inoivces issued by Third Stage Dealer
Cenvat credit admissibility is based purely on the invoices issued in this regard. The invoice can be issued by the manufacturer or by the dealers registered

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Furnishing details of inward supplies under GST

Furnishing details of inward supplies under GST
Section 33: Furnishing details of inward supplies
The proviso in the revised draft reads as follows:
(1) Every registered taxable person, other than an input service distributor or

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