TaxIndiaUpdates In

Revised Model GST Law, IGST Law and Draft Compensation Law

November 27, 2016November 27, 2016 TaxIndiaUpdates In0 comments3779 views

Draft Revised Model GST Law, Draft IGST Law and Draft Compensation Law placed in the public domain for information of trade, industry and other stake holders. The Draft Model GST Law, Draft IGST Law and Draft Compensation Law which would be considered by the GST … Continue Reading →

Service Tax

Online Services From Outside India to Non-Business Entity shall Be Taxable w.e.f. 01-12-2016

November 11, 2016November 11, 2016 TaxIndiaUpdates In0 comments4144 views

w.e.f. 01-12-2016 Withdrawal of exemption from service tax on (Online Services) cross border B2C OIDAR services provided online/electronically from a non-taxable territory to consumers in taxable territory in India-reg. Circular No. 202/12/2016-Service Tax F.No. 354/149/2016-TRU dated 09-11-2016 Withdrawal of exemption from service tax on cross border … Continue Reading →

Service Tax

Reverse Charge Tax Liability under GST Law

October 16, 2016 TaxIndiaUpdates In0 comments6657 views

Reverse Charge Tax Liability under GST Law Reverse charge means the liability to pay tax by the person receiving goods and / or services instead of the person supplying the goods and / or services (Section 2(85). Following are the frequently asked question on reverse charge under … Continue Reading →

Personal Finance

Rate of Interest on Small Saving Schemes w.e.f. 01-10-2016

September 29, 2016September 30, 2016 TaxIndiaUpdates In0 comments8763 views

Rate of Interest on Small Saving Schemes w.e.f. 01-10-2016 From the year 2012-13, the interest rates on various Small Savings Schemes (SSS) are recalculated and notified in the month of March every year. These rates are applicable for the next financial year. This is being … Continue Reading →

Goods and Service Tax

Defective Face of Model GST Law : A Critical Analysis

September 20, 2016September 20, 2016 TaxIndiaUpdates In0 comments4837 views

Defective Face of Model GST Law : A Critical Analysis Conflict between definition “address on record” and “location of service recipient” The term “address on record” has been used only in IGST section 6(2), where default POPS of services provided to other than registered person … Continue Reading →

Goods and Service Tax

Records, Invoices and Debit & Credit Note in GST Law

September 20, 2016November 19, 2021 TaxIndiaUpdates In0 comments4479 views

Records, Invoices and Debit & Credit Note in GST Law The records/details and returns are important part of compliance of any tax law. In Indirect Taxation these records/information are play very vital role because the proper records helps both revenue and assessee to ascertain tax … Continue Reading →

Goods and Service Tax

Taxability in GST Law: Charging Provisions

September 10, 2016 TaxIndiaUpdates In2 comments6030 views

Taxability in GST Law: Charging Provisions Levy of GST CGST and SGST will be levied and collected on all ‘intra-state supplies’ of goods and/ or services at the specified rate. CGST/ SGST will be paid by the ‘taxable person’. For certain notified categories of goods/ … Continue Reading →

Goods and Service Tax

The Constitution (One Hundred and First Amendment) Act 2016

September 8, 2016July 10, 2017 TaxIndiaUpdates In0 comments4620 views

MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 8th September, 2016/ Bhadra 17, 1938 (Saka) The following Act of Parliament received the assent of the President on the 8th September, 2016, and is hereby published for general information:- THE CONSTITUTION (ONE HUNDRED AND … Continue Reading →

Goods and Service Tax

Important Definitions in Goods and Service Tax Law

September 5, 2016September 15, 2016 TaxIndiaUpdates In0 comments5504 views

Important Definition under Goods and Service Tax Law (GST) The definitions are essential part of any law. Under Model GST Law various terms has been defined. Some of them are taken from existing law i.e. State VAT, Service Tax, Central Excise, Central Sales Tax etc. … Continue Reading →

Goods and Service Tax

Introduction to Indian GST Law by Finance Ministry

August 3, 2016 TaxIndiaUpdates In1 comments4825 views

Introduction to Indian GST Law by Finance Ministry Frequently Asked Questions (FAQs) on Goods and Services Tax (GST) are issued by Ministry of Finance, Govt. of India on 03-08-2016. Following are the answers to the various frequently asked questions relating to GST: Question 1.What is … Continue Reading →