Category Archives: Sales Tax

IMPACT OF GST ON AUTOMOBILE DEALERS

IMPACT OF GST ON AUTOMOBILE DEALERS
This sector basically comprises of Manufacturers, Automobile Dealers & Retailers. Presently, all of them are paying various indirect taxes such as:

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Reversal of credit on exempted services before 30th June

Reversal of credit on exempted services before 30th June
Mechanism of availing Cenvat credit in case of manufacturers or service providers having both taxable and non-taxable activities has been subject to litigation. Lot of developments

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Anti-Profiteering clause in GST law

Anti-Profiteering clause in GST law
GST bills have been passed by Lok Sabha as well as Rajya Sabha. It is very likely that the law would get implemented from 1st July 2017 unless there is

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TYPES OF ‘SUPPLY’ UNDER ‘GST’ REGIME

TYPES OF ‘SUPPLY’ UNDER ‘GST’ REGIME
Section 66B of the Finance Act, 1994 provides that there shall be levied a tax at the rate of fourteen per cent. on the value of all services, other

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RATE OF GOODS AND SERVICES TAX

RATE OF GOODS AND SERVICES TAX
The provisions of service tax provide a uniform rate of tax to be levied from the service recipients except in cases of abatement. The provisions of excise law and

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70% of all goods and some consumer durables to become cheaper under proposed GST regime

70% of all goods and some consumer durables to become cheaper under proposed GST regime
A number of goods such as cosmetics, shaving creams, shampoo, toothpaste,soap, plastics, paints and some consumer durables could become cheaper

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