Products exempt in current but likely to be taxed under GST The Model GST Law would act as a broad framework and Central GST as well as State GST Acts would be based on the same. In this article we would like to focus on Section 145 of the Model GST Law which enlists provisions […]
GST Impact on CA and CS Professionals The taxable event for levy of GST shall be ‘supply’ of goods and/ or services. The term ‘supply’ is defined inclusively to cover general supply and deemed supply.General supply includes all forms of supply of goods and/or services such as sale, transfer, barter, exchange, license, rental, lease or […]
Relief from Indirect taxes to Food Processing Industries India holds tremendous potential to grow in food sector. Study has shown that India is highest producer of milk, second largest producer of fruits & vegetables, third largest producer of food grains & fish & has the largest livestock population.
Are Builders liable to Service Tax on Construction of Complex? Is there any service tax liability on builders in relation to construction of complex or the service is completely exempt?
GST on Electronic Commerce The Goods & Service Tax (GST) Bill proposes to bring e-commerce entities within the GST net to collect tax at source for all suppliers as well as file a monthly statement of transactions with every supplier. A brief note on the compliance on e-commerce operators is as under: