This paper, in particular, rather than offering any constitutional wisdom broadly summarizes the present constitutional set up for fiscal legislation and reviews the suggestions made on GST related literature.doi:10.2139/ssrn.1596522Dahal, Rajib
In India, GST is payable for Knitted apparel, knitted clothing accessories, crocheted apparel, Crocheted clothing accessories. However, some of the categories of business under HSN code 61 are expected to be exempted from paying GST. The list of exempted categories and exempted products and services...
Article 279A having provisions regarding the establishment of the GST Council was inserted after Article 279 of THE CONSTITUTION (ONE HUNDRED AND FIRST AMENDMENT) ACT, 2016. The Union Finance Minister is the head of the GST Council while the First Meeting of the council was held on 22nd and ...
In this instance, businesses which provide taxable supplies which fall within the relief conditions are not required to impose and collect GST on the relevant supplies. Examples of supplies which are given relief by the Government include: supplies of goods by businesses ...
The GSTIN Number is used for various GST-related procedures, such as filing returns, claiming input tax credits and paying taxes. Read More:What is GST and How Does It Work? GSTIN Number Format & Example – Decoding the 15-Digit GSTIN ...
Mains level: Taxation; Issues related to GST; Why in the News? Most states appear to be opposed to altering the current five primary GST rate slabs: 0%, 5%, 12%, 18%, and 28%. About Goods and Service Tax (GST): The Goods and Services Tax (GST) in India was introduced by the ...
The Commissioner did not dispute that the taxpayer was carrying on an enterprise, but he contended that the enterprise did not extend to include litigation funding activities or the provision of consulting or advisory services to which the acquisitions related. The Court agreed, rejecting the taxpayer...
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Value of Supply of Goods or Services where the consideration is not wholly in money (Rule 27) Value of Supply of Goods or Services or both between Distinct or related Persons (Rule 28) Value of Supply of Goods made or received through Agent (Rule No 29) ...