7 th Schedule of Constitution of India 1950 SEVENTH SCHEDULE (7 th Schedule of Constitution of India After Constitution (One Hundred and First Amendment) Act, 2016.) [Article 246] List I – Union List of 7 th Schedule of Constitution of India Defence of India and every part thereof including preparation for defence and all such… Read More »
Taxation of Electricity under GST Regime Definition of Goods under Revised Model GST Law Section 2 (49) of Revised Model GST Law, defines goods (49) “ goods’’ means every kind of movable property other than money and securities but includes actionable claim, growing crops, grass and things attached to or forming part of the land which are agreed to… Read More »
Aggregate Turnover under GST Definition of Aggregate Turnover under Revised Model GST Law Section 2(6) define Aggregate Turnover under Revised Model GST Law as follow :- “Aggregate turnover” means the aggregate value of all taxable supplies, exempt supplies, exports of goods and/or services and inter-State supplies of a person having the same PAN, to be computed on all India basis… Read More »
Handbook of GST in India: Concept and Procedures 28 Dec 2016 This book comprehensively discusses provisions contained in the Constitution (101st Amendment) Act, 2016, Model GST law and various Draft Rules and Formats released by the Government so far. The book has been written in a manner which would help professionals in getting a better… Read More »
40 days see Rs 3Lakh crore put into 2 cr new accounts, says FIU data Forty days witnessed over two crore new bank accounts, and over Rs 3 lakh crore new deposits — that’s the big bang demonetisation impact. Data from the Financial Intelligence Unit (FIU) show that between November 15 and December 25, 2016,… Read More »