Tag: GST
-
Goods and Services Tax: A New Era
By Nitesh Jindal, Dr Ram Manohar Lohia National Law University, Lucknow. Goods and Services Tax (GST) is an indirect tax which will bring transparency and effective governance in the country. It is a destination-based tax levied at multiple stages, starting with the manufacturing stage, to the sale of goods stage, whose overall burden has to…
-
Tax Reformation in India: An Analysis
By Syashu Pesswani, University of Petroleum and Energy Studies, Dehradun. President Pranab Mukherjee, with the press of a button at the midnight of July 1, 2017 in the Parliament’s Central Hall of India, switched to GST, the single biggest reform undertaken by the country in its 70 years of independence. It is basically established to subsume various…
-
Goods and Services Tax: Concept & Analysis
By Ananya Banerjee, WBNUJS, Kolkata. Indirect Taxes & GST The Constitution (One Hundred and Twenty-Second Amendment) Bill, 2014 (the “Bill”) seeks to amend the Constitution to change the indirect tax structure of the country to facilitate the introduction of Goods and Services Tax (“GST”). Following the footsteps of most of the developed countries, the Centre is trying…
-
Goods and Services Tax: Recent Developments
By Piyush Jain, Rajiv Gandhi National University of Law, Punjab. Goods and Services Tax (GST), which is considered the most significant tax reform since independence, proposes to subsume a majority of the indirect taxes prevailing in India and will change the way business is done. It will bring about a structural change in the current indirect taxation…
-
Constitutional Amendment Bill, 2014: GST
By Poonam Bera, Army Institute of Law, Mohali. After a prolonged delay, Goods and Service Tax (122nd Constitutional Amendment) Bill, 2014 has introduced in lower house of parliament on 19th December, 2014. It is regarded as one of the biggest tax reforms since 1947 and is targeted to be implemented by April 2016[i]. GST regime…