GST Council, Constitution and Decision Making

The GST council, the key decision-making body that will take all important decisions regarding the GST, will have representation from the central government as well as all the state governments. A GST Council has been constituted under Article 279A of the Constitution, comprising the Union Finance Minister (who will be the chairman of the Council), … Read moreGST Council, Constitution and Decision Making

Concept of GST (Goods and Services Tax)

The concept of Goods and Services Tax (GST) is one indirect tax for the whole nation, which will make India one unified common market. GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer. Credits of input taxes paid at each stage will be available in … Read moreConcept of GST (Goods and Services Tax)

Salient features of Goods and Service Tax (GST)

The main features or the salient features of GST (Goods and service tax). GST is a centralized tax structure on goods and services throughout the country. It is consumption tax that is collected on the basis of the value added at each stage. The introduction of GST would be a very significant step in the … Read moreSalient features of Goods and Service Tax (GST)

Features of Constitutional Amendment Bill 122

The Central Government of India, introduced the 122nd Constitution Amendment Bill, 2014 (‘Bill’) on the introduction of Goods and Services Tax (‘GST’) before the lower house of Parliament on December 19, 2014. This Bill replaces an earlier bill introduced in 2011 by the erstwhile government which had since lapsed because of dissolution of the Lok … Read moreFeatures of Constitutional Amendment Bill 122

Concept and History of Indirect Taxation in India

The history of Indirect Taxation in India dates back to few centuries and we get some cue of the same in Kautilya’s Arthasashtra. Those days’ taxes were collected in the form of crop and/or any agricultural product. Such collections were generally ear-marked for some specific purposes or for the development of the State. Taxes were … Read moreConcept and History of Indirect Taxation in India

Everything about Goods and Services Tax (GST)

everything-about-gst

Dear Readers, If you are seeking to learn about the present Indirect Taxation System of India, i.e., the Goods and Services Tax (GST) than I wish you Congratulations! You landed to right place. In order to understand the crux of GST you should read a bit history of India’s Indirect Taxation System and Evolution of … Read moreEverything about Goods and Services Tax (GST)

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