Tag: Value Added Tax

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 …

Provisional Registration On enrollment, the taxpayer will get a provisional certificate of registration in FORM GST REG-25, which will have the GSTIN If the taxpayer has …

The GST Network that controls and monitors GST returns filings has further simplified the registration process for filings under the new indirect tax regime. Earlier, …

GST has been structured in a way that essential services and food items are placed in the lower tax brackets, while luxury services and products …

Indirect tax is not directly levied on the taxpayers. This tax is often levied on goods and services which results in their higher prices. A …