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merits and demerits of GST

Goods and Services Tax - Started By: - Ramakrishnan T H - Dated:- 20-2-2016 Last Replied Date:- 11-9-2016 - Sir,Please provide the details about the merits and demerits of Goods and Services Tax provisions.Ramakrishnan.T.HPalakkad - Reply By KASTURI SETHI - The Reply = Sh.Ramakrishnan.T.H, Destination is far away. So many changes are likely to take place. In this forum, Experts, namely, Dr.Sanjiv Agarwal, Dr.Bimal Jain have written so many articles on GST covering all the aspects. These are very .....

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ll be seamlessly allowed and thereby reducing the cost in long run. Further if you have any suggestions or expectations from GST you can share with us or https://mygov.in. Thanks. - Reply By CS SANJAY MALHOTRA - The Reply = Respected Sh. Ganeshan ji / Sh. Kasturi ji,Endorse the views as shared by both of you. Lot needs to be worked upon by the GST Council members representing Members from State Govt and Central Govt, hence nothing can be concluded as of now in respects of Merits and Demerits. - .....

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w instead of multiple Central & State laws, broadly all transaction would attract GST, so litigations in respect of determination whether process amounts to 'Manufacture' or not will set at rest, as of now there is both Service Tax & State VAT is attracted on various things like Software and Works Contracts etc such issues would be addressed, expected to have smooth availment of Cenvat /ITC across transactions, share of organised trade is expected to increase due to ease of tax l .....

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