Computation of Foreign Tax Credit (‘FTC’) in case of assessee’s with cross border payments has been a major hassle for tax professionals. Absence of well-defined set of rules, coupled with few judicial precedents had resulted in diversified practices. The Central Board of Direct Taxes (‘CBDT’)
New GST Model Law is here. It as expected from some days and there were some posts in media from undisclosed sources. But today the amended Law has been placed on the website of CBEC itself. You can download it here. New GST model law
An amended version of Model GST Law (“MGL”) has come into circulation in public domain through undisclosed sources. There is no authenticity which can be attached to the source of this document, however, the document contains certain suggestive amendments in track change mode in the
In this article we will discuss all requirements by Maharastra VAT dealers GST provisional registration. GST enrolment has been already started by the Maharastra government. This is an excercise by the GSTIN to get the clean data of all the indirect taxpayers registered in existing
PPT on GST registration updated till date Here I will share the PPT on GST registration. Provisions of registration are contained in section 19 of GST. Section 19 simply refer the scedule III of GST model law for liability for registration. The enrolment process for
The department of VAT of Maharastra has issued a notification for Maharastra GST enrolment. The time period for Maharastra GST enrolment is from 15th November 2016 to 30th November 2016. The GSTN has provided the provisional login ID and password for dealers who are registered
As we all know that GST enrolment for provisional registration are already started. FAQ for the same are already available on this portal. We have compiled the list of documents required for provisional registration in GST. All registered taxpayers in exiting indirect tax law are
Here is step by step simple guide for Maharasta GST registration. GST registration for 5 cities including Maharastra started on 14th of November. Enrolment is the first step towards the GST registration. GST enrolment is mandatory for all existing registered taxpayers. It is free and
Rule 9 of Central Excise Rule 2002: Every person, who produces, manufactures, carries on trade, hold private store room or warehouse or otherwise uses excisable goods or importer who issue an invoice on which CENVAT credit can be taken shall get registered. Rule 9 was
1. There is no correlation or corroborative research conducted showing interrelationship between demonetization and GST introduction. Even though economists agree that GST is a good economics for India; but demonetization has still to prove itself as a good economics strategy. 2.
