GST which is known as Goods and Services tax is considered to be one of the most crucial reforms in India. It was came into force in 1st July 2017. It is an indirect tax structure designed to support and enhance the economic growth of a country. More than 150 countries have implemented...
and came into effect on July 1, 2017. This pivotal reform marked a significant shift in India’s tax landscape, intending to reduce the tax burden on businesses and consumers while promoting a unified market across states.
GST refers to the Goods and Service Tax which is an indirect form of taxes that came into force on 1stJuly 2017. After launching this tax all others goods and service taxation became irrelevant in India. Practically,GSTis tax levied on goods and services which are received by the citizens a...
This tax reform came into existence when the Lok Sabha approved f... N Eusebius 被引量: 0发表: 2018年 India revises sales tax on fertilizers On July 1st this year, India introduced its new Goods and Services Tax (GST), a landmark tax reform which has been touted as the 'largest ...
The stated explanation came into force on 01st January 2022. Trade and field formations expressed a great lot of uncertainty over how the Tax Authorities would handle the recovery due to the mismatches between GSTR-1 and GSTR-3B. Under the provisions of Section 79 of the CGST Act, 2017,...
The supplier of Goods generally pays the Tax on supply but on occasion when the reciever/purchaser becomes liable to pay taxes, such a condition is termed as reverse charge. The concept ofreverse charge under GSTcame into force to increase tax compliance and tax revenues. ...
While the government clarified that the hike that came into force from October 1st, 2023, was not retrospective, claims emerged of some of the tax demands in these orders going back years, which some argued was retrospective taxation. Thus, many contested these notices, including Dream Sports, ...
After Karnataka and West Bengal, Mumbai has declared the scheme with a resolute to curtail the arrears of taxes and other amounts which existed prior Goods and Services Tax regime which came into force on July 1, 2017. The scheme grants waiver of arrears under various state levies, including...
In 2000, Prime Minister A.B. Vajpayee introduced the idea of GST and set up a committee to plan a Goods and Services Tax (GST) model for the country. The Goods and Service Tax (GST) came into effect from 1st July 2017. Take a quick look at the journey of GST in India explained ...
The government of India does not provide a physical certificate of GST registration. However, the same has to be downloaded from the GST portal. The process to download the GST registration certificate is as follows: Step-1. Login into the GST portal. Step 2- Click on the tab services. St...