Finance Ministry releases revised Draft of GST Law

The Draft Model GST Law, Draft IGST Law and Draft Compensation Law which would be considered by the GST Council for approval are placed in the public domain for information of trade, industry and other...

Bumpy road ahead for Traders in GST regime

This article tries to highlight procedural aspects for businessmen in new GST regime relating to filing of tax returns. As you must be aware, the seller is liable to pay GST on the sale of...

Assam Assembly ratifies GST Bill

Today Assam became the first state in India has ratified 122nd Constitution Amendment Bill related to Goods and Services Tax (GST). In this monsoon session both Lok sabha and Rajya Sabha unanimously passed the GST...

Rajya Sabha Passes GST (Constitutional Amendment) Bill

Amidst all the controversies and debates, finally, the 122nd Constitutional Amendment Bill on GST has been passed by the Rajya Sabha yesterday. With this, the chances of implementing GST by the government from next financial...