Tag: Sales Tax

People have taken note of the GST or the Goods Services Tax law. A new law has been proposed which is set to reform how people …

GST as the Preferred Tax Structure

Generally, GST consist three prime models:- Central GST (CGST) States GST (SGST) Dual GST Non concurrent dual GST Concurrent dual GST CGST: Under this option, …

The Goods and Services Tax (GST) in India is guided by certain fundamental principles to ensure transparency, fairness, and efficiency in tax administration. These principles …

Impact of GST on Indian Economy GST is a game-changing reform for the Indian Economy, as it will bring the net appropriate price of the …

GST Council, Concept, Functions, Members and Roles

Passage of the Goods and Services Tax (GST) has been one of the most important tax reforms of modern India. Ever since its introduction on …

GST Refund

In the long-term, GST would be simplified even more. Globally, countries that have benefitted from GST implementation typically deploy two- or three- rates, as compared …

Introduction of GST is considered to be a significant step in the reform of indirect taxation in India. Amalgamating several Central and State taxes into …