201612.29
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Supply Redefined in Revised Draft GST Act,2016

The definition of supply has been a matter of discussion for long . The most discussed aspect of this definition is that it starts with the expression “supply includes”. The revised draft GST Act,2016 which has been issued by GST Council Secretariat in November 2016 has some interesting changes which shall be discussed in series…

201612.05
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Whether GST Will Be a Reality from 1st April, 2017?

GST Council Meeting  The GST Council met for 5th time on 2nd & 3rd December ,2016 . But, the meeting remained inconclusive. Since, the bone of contention of deciding upon the  jurisdictional control of assessee remained at limbo. The inconclusive meetings which ran  over two days could evolve only one fact that the States are still reluctant…