Showing posts with label GST News India. Show all posts
Showing posts with label GST News India. Show all posts

Tuesday, 8 December 2015

Videos of GST Summary. Easy to undestand through videos than textual materials

You want to learn summary of GST to be introduced in India but are too occupied to read and understand the same? If so, below are the Youtube Links of Summary of GST in India by CA Pritam Mahure.

Learn the best of GST easily through these videos. Audio-Video method to learn a subject is the best manner to learn. Hope these videos help the professionals, entrepreneurs and students alike.



Part X - Report on Returns
Brief of Video : In GST regime, taxpayer would be required to file 61 returns annually!!! The Indian Government has put the Report on Returns in GST regime in public domain for feedback.  In this video, CA Pritam Mahure discusses this Report.

Part IX - Reports on Registration, payment and Refunds
Brief of Video : In this video, CA Pritam Mahure is discussing the 3 reports i.e. Registration, Payment and Refund mechanism in GST regime.


Ebook on GST India free download. Be ready for GST in India!


Please find attached the e-book (684 pages) on Goods and Service Tax (GST) in India.  This e-book on GST contains:
- Analysis of various aspects of GST
- Steps to be taken for being GST ready
- Draft Statutory provisions
- 122nd Constitutional Amendment Bill
- Various reports on GST
- Key News articles on GST
- GST - International Scenario etc

This being a comprehensive compilation of all key GST related provisions, reader can easily perform word search in the document.

Feedback and suggestion for improvement of book is always welcome.


Regards,
CA Pritam Mahure
+91 9920644648

10 Things you must know of GST Draft Law


GST Draft Law – 10 Things you must know – CA Pritam Mahure

Yesterday,few of the private tax web-portals published the copy of the draft GST law. Though the authenticity of the same is yet to be vetted by the Government officials, meanwhile, in the following paras the author has tried to decipher the proposed GST law.

1.GST applicable on ‘supply’
In GST regime, all ‘supply’ such as sale, transfer, barter, lease, import of services etc of goods and/ or services made for a consideration will attract CGST (to be levied by Centre) and SGST (to be levied by State). As GST will be applicable on ‘supply’ the erstwhile taxable events such as ‘manufacture’, ‘sale’, ‘provision of services’ etc. will lose their relevance.

Further, certain supplies, even if made without consideration, such as permanent transfer of business assets, self-supply of goods or services, assets retained after deregistration etc will attract GST. Interestingly, even a ‘barter’ of goods transaction which were hitherto un-taxed in VAT regime, will attract GST.

2.GST payable as per time of supply
The liability to pay CGST / SGST will arise at the time of supply as determined for goods and services. In this regard, separate provisions prescribe what will time of supply for goods and services. The provisions contemplate payment of GST at the earliest for
a. ‘Goods’- Removal of goods or receipt of payment or issuance of invoice or date on which buyer shows receipt of goods
b. ‘Service’s– Issuance of invoice or receipt of payment or date on which recipient shows receipt of services