201608.30
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GST Era -Responsibility & Role of Finance & Accounts Department of Every Organisation or Company

GST Era – Responsibility & Role of Finance & Accounts Department of Every Organisation or Company Till the date, the indirect tax assessment, discharge of tax liability  & its proper indirect implementation was the sole or major  area of indirect tax professional only. GST Era Whereas, for the first time the Finance & accounts department…

201608.14
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GST Implementation- Is It Too Early Or Uncertain

GST Implementation- Is It Too Early Or Uncertain  In entire world, the sine qua non of GST  are as below : Concept of supply, consideration, business,recipient, location of supplier, location of recipient,establishment, reverse charge mechanism, continous supply, input tax credit, zero rated supply, composite supply, time of supply, value of supply, market value,etc   Whereas,…

201608.07
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GST Stages Before April,2017

GST Stages Before April1, 2017   The different stages which have to be passed  after passing of GST Bill but before the target of April 1,2017 are as below  (Image Source-Economictimes) GST Stages Before April1, 2017 Stage 1 The 122nd The Constitution Amendment Bill,2014 was already passed by Lok Sabha. But ,it was amended in…

201608.04
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Frequently Asked Questions (FAQs) on Goods and Services Tax (GST)

The Ministry of Finance has issued Frequently Asked Questions (FAQs) on Goods and Services Tax (GST) on 3rd August2016. The details are as below: Press Information Bureau Government of IndiaMinistry of Finance03-August-2016 15:32 IST Frequently Asked Questions (FAQs) on Goods and Services Tax (GST) Following are the answers to the various frequently asked questions relating to…