Feedback   New User   Login      
Tax Management India. Com TMI - Tax Management India. Com
Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Case Laws Manuals Short Notes Articles SMS News Highlights
        Home        
Extracts
Home List
← Previous Next →

Expected Model of GST

Goods and Service Tax - GST - By: - CA Akash Phophalia - Dated:- 25-8-2015 Last Replied Date:- 31-8-2015 - As per recommendations by Joint Working Group appointed by Empowered Committee in 2007, the GST in India may have four components in its tax st .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

e Central GST will be administered by the Central Government and the State GST will be administered by the State Governments. The different taxes will be subsumed as under :- Subsumed in Central Tax Subsumed in State Tax Central Excise Duties (CENVAT .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

cal bodies) Service Tax Luxury Tax Central Sales Tax Octroi and Entry Taxes Surcharges levied by the Union Taxes on Lottery, Betting and Gambling Proposed GST will have two components Central GST and State GST. Taxable event will shift to sale rather .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

on between State GST and Central GST is not expected to be allowed. This is just for your reference. It does not constitute our professional advice or recommendation. - Reply By Srikanthan S - The Reply = Dear Mr Akash Phophalia, thanks for the summa .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

or branch transfers' on which there could be a levy. Do kindly clarify.Regards,S.Srikanthan - Reply By KASTURI SETHI - The Reply = Taxable event will be on supply and Supply will be defined. It will include Stock transfer, branch transfer. - Rep .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

hift of taxable event from manufacture. Further you all learned people may be correct that the taxable event is on supply. As the GST is yet in draft, therefore, it is difficult to conclude about the taxable event. On the basis of material available .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

Discussion Forum
what is new what is new
 


Share:            

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version