It is a second article in the series dealing with the issues of input tax credit. GST is expected to allow seamless flow of input tax credit to the registered taxable person, but taking into consideration the provisions of Revised Model Goods and Service Tax Law (hereinafter
Read more →Goods and Service Tax has brought the ray of hope of increased revenue for Government and elimination of cascading effect of multiple taxes and simple tax structure for Assessees. GST has now become a reality and it will finally be implemented with effect from July 1, 2017.
Read more →Synopsis for Concept of Supply SUPPLY INCLUDES Supply of a good or service, made or agreed to be made for a consideration by a person in the course or furtherance of business such as • Sale, transfer ,barter, exchange • License, rental, lease • Disposal • Importation
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