The Goods and Service Tax (GST), considered India’s biggest and most historic tax reform is just around the corner. To err is to perceive GST as just any other “Tax Reform”. GST signifies “Change” that too a Game changer!! With the Government leaving no stone unturned to usher in GST on 01 July 2017, GST...
Amidst economic crisis across the globe, India has posed as a beacon of hope with abitious growth targets, supported by slew of strategic mission like ‘Make in India’, ‘Digital India’, etc. Goods and Service Tax (GST) is expected to provide the much needed stimulant for economic growth in India by transforming the existing basis of...
Section 10 and its related draft composition rules of CGST bill talks about the composition levy. The basic principle underlying the composition scheme is, to minimize the burden of compliance for small taxpayers. There are around 8 millions taxpayers that are expected to be migrated from the current laws into the GST regime, however many...