15 June 2016
The Model Goods & Services Tax (GST) Act as prepared by the Empowered Committee has been released by the Indian Ministry of Finance on 14th of June.
The Constitutional (One Hundred and Twenty-Second) Amendment Bill, 2014, to empower the Indian government to levy such tax, which will subsume presently levied Centr...
15 April, 2016
In furtherance to the Indian Customs Single Window project, wherein online permissions are being obtained from various govt. agencies, the CBEC has developed ‘Integrated Declaration’, under which all information required for import clearance by the concerned government agencies has been incorporated in the electronic format of bill of e...
3 November, 2015
The Joint Committees on Business Processes for Goods & Services Tax (GST), set up by the Ministry of Finance, have given their reports providing a broad outline of the processes to be followed in respect of registration, payments, refunds and in case of filing of returns under the proposed GST regime by the assessees.
By Hitesh Arora
GST being the largest indirect tax reform in Indian tax history is on the verge of implementation. Every business, small or big, will get impacted by GST. Amidst other changes in Indian economy, like demonetization, application of IND AS, changing business environment etc. GST implementation is likely to be the biggest change and ...
By Gagan Gugnani
The Revised Model GST Law (hence forth "RMGL") was made available in public domain in November, 2016. The commitment of the government is to roll out a simplified and easier indirect tax regime, yet the provisions reveal a different picture. The whole concept of availment of input tax credit (ITC) is set to change from ...
By Geetika Srivastava
The date of implementation of Goods & Services Tax (GST) is now certain and from 1st April, 2017, India will enter the new indirect tax regime bringing great deal of uniformity and robustness which will impact every business and industry. This leaves the industry with just a few months to prepare for the trans...
Lakshmikumaran & Sridharan, Attorneys will be the Knowledge Partner in the second edition of breakfast meeting organised by Taxsutra. This meeting will be held in Mumbai and New Delhi on 18th and 23rd November 2016, respectively.
Mr. V. Sridharan, Senior Advocate, Bombay High Court along with Mr. L. Badrinarayanan, Partner, Lakshmikumaran & S...
A seminar on ‘India Prepares for GST: Trade Briefs- Banking and Finance is being organised on 24th August 2016 at our Mumbai office.
This seminar would focus on the issues pertaining to Banking sector & Financial transactions and its GST implications in light of global jurisprudence.
Further, this seminar will also cover issues relating...
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