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WITH GST CONSTITUTIONAL AMENDMENTS, WHAT NEXT ?

Goods and Services Tax - GST - By: - Dr. Sanjiv Agarwal - Dated:- 26-8-2016 Last Replied Date:- 31-8-2016 - The GST Bill - The Constitution (One Hundred and Twenty-second Amendment) Bill, 2014 has been discussed and passed by Rajya Sabha on 3rd Augus .....

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Bill, which marks the first parliamentary step towards implementation of a one country, one market, one tax framework, was cleared by a two-thirds majority, which is required for any Constitution Amendment Bill, following a division of votes. In the .....

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to raise revenue in emergency situations. The subsequent GST Bill should not be categorized as Money Bill, by passing Rajya Sabha. Cap on GST rates of 18% Improved dispute resolution mechanism Compensation to states for revenue ('may' replac .....

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es collected by Union shall be distributed between Union and States The lower house (Rajya Sabha) too approved the revised Bill on 8 August, 2016 after changes were approved by Rajya Sabha. The Bill has been passed unanimously and the journey to GST .....

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ll these legal procedures, Parliament would take up the actual CGST and IGST Bills (possibly in the winter session). Passage of SGST law by State Legislative Assemblies Formulation of GST rules by Union and States and notification thereof GSTN Networ .....

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016) and ratification by Delhi, Madhya Pradesh, Haryana, Goa, Maharashtra, Rajasthan etc are likely to follow suit. GST : Immediate Challenges ahead Ratification by states Rate of GST Exemptions / Negative list Threshold limits Finalization of GST la .....

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al to success of GST. Moreover, lot of fine-tuning is required in the provisions of model law in respect of compounding, thresholds, aggregate turnover, supply, place of supply, valuation, input tax credit etc. - Reply By Ganeshan Kalyani - The Reply .....

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= Thanks Sir. Can someone challenge Constituional Amendment ? If yes, what basis? RegardsManoj - Reply By shankar narayanan - The Reply = Very Nice Article. Written in simple language for the benefit of all (including Non Tax Person) also can underst .....

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