GST-Goods and Service Tax - 399. page

Goods and Services Tax Act – GST Law

Constitution of GST Council : GST Council has been constituted vide Notification No. SO 2957(E) dated 15-9-2016. Union Finance  Minister is Chairman of Council. Following are members of Council – […]

Relevant Bills passed by Lok Sabha and Rajya Sabha : Following Bills have been passed by Lok Sabha on 29-3-2017, and by Rajya Sabha on 5-4-2017, (1) The Central Good […]

GST is solution to get over the defects GST is the solution to get over many defects in present structure of indirect taxes. As per Statement of Obj ects and […]

Constitution Amendments made effective :   The Constitution Amendments have been made notified and made effective. These were made partly effective  on 12-9-2016 and fully effective from 16-9-2016. Section 19 […]

Major defects in present structure of indirect taxes : Following can be summarized as major defects in present structure of indirect taxes : ♦ Central Sales Tax (CST) is payable […]

Background of GST : The present structure of Indirect Taxes in India is based on three lists in Seventh Schedule to Constitution of  India, which came into effect on 26- […]

CBEC explains Reverse Charge Mechanism (RCM) under GST law i.e. where liability to pay tax is on recipient of service, says that there are 2 type of reverse charge scenarios […]