Answer:GST council is a constitutional body devised to figure out the decisions with regard to Goods and Services Tax. GST council will consist of the representatives of both Centre and State. Finance Minister will head the council. GST council will recommend about the tax sla...
What is the GST Council? The GST Council is a constitutional body established under Article 279A of the amended Constitution of India. It is a joint forum consisting of the Union Finance Minister (as Chairperson), the Union Minister of State for Finance, and representatives from each state and...
Set out below is a summary of the draft determination, with some comments which are taken from my paper. For a more detailed analysis of the issues that may arise, including constitutional implications of the Commissioner’s draft position, please refer to my paper. The legislation Section 93-...
Goods and services tax or the GST is a hot topic in the tax market nowadays. It is an indirect tax on the regime 'One Nation, one Tax’. Introduced as the constitutional( one hundred and first amendment) the bill is well accepted by every state of India. Under the tax, Goods & serv...
Goods and services tax or the GST is a hot topic in the tax market nowadays. It is an indirect tax on the regime 'One Nation, one Tax’. Introduced as the constitutional( one hundred and first amendment) the bill is well accepted by every state of India. Under the tax, Goods & serv...
Therefore, G5T registration not required for those persons, who are purely engaged in exempted or NIL rated supply. In the circumstances, they sought advance ruling on the following: (i) Whether diagnostic service provider has to take registration under GST. (ii) Whether the applicant is exempt...
As our largest shareholder, GST International Management will be able to control the election of Directors, direct our major policy decisions, including decisions concerning strategic, investment, finance, acquisition, disposal, dividend, constitutional and other issues; and influence other areas of ...
(a) The deduction of tax shall be made by the recipient of supply of goods are services or both, when total value of supply, under a contract is more than two lakh and fifty thousand rupees. Value of supply shall not include the taxes or cess paid under GST provisions. (b) No such...
As a prime-mover, the Goods & Services Tax Council or GST Council-a constitutional body to regulate the various aspects of GST and its nationwide implementation plays a pivotal role. The Union Finance Minister of India chairs the council, and other members include the Union State Minister of ...
Goods and services tax or the GST is a hot topic in the tax market nowadays. It is an indirect tax on the regime 'One Nation, one Tax’. Introduced as the constitutional( one hundred and first amendment) the bill is well accepted by every state of India. Under the tax, Goods & serv...