gst

GST AND IT’S IMPLEMENTATION – A RETROSPECTION

GST AND IT’S IMPLEMENTATION – A RETROSPECTION   GST – a brief explanation Before explaining on GST it is better to lay out a brief intro on the indirect tax scenario prevailing in the country as of now. There are 2 levels of indirect levies on goods as of now ie by each State and by Central Government and on services only by Central Government. Also there are multiple taxes…

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GST LAW & REGISTRATION ASPECTS

GST LAW & REGISTRATION ASPECTS Who is required to be registered under GST Act Sec 23 lays down that persons specified in Schedule V of the act should get themselves registered in every such state in which they are liable to be registered within 30 days from the applicable date. Casual Traders and Non Resident persons should be registered within 5 days before commencement of business. For existing assesses under…