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Category: Goods and services tax (GST)

Differences Between GST And VAT
August 25, 2020 / Goods and services tax (GST)

Differences Between GST And VAT

The introduction of the products and Services Tax was one among the foremost significant and most fundamental changes within the Indian taxation system since Independence. Further, it brought an outsized sort of taxes under one umbrella and helped simplify the method of taxation. The GST effectively replaced the older versions of the Central and State …

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Amendments to the Central Goods and Services Tax Act, under the Finance bill, 2019
August 26, 2019 / Goods and services tax (GST)

Amendments to the Central Goods and Services Tax Act, under the Finance bill, 2019

Finance Minister Nirmala Sitharaman in her maiden Budget speech has sought to implement the amendments made by the GST Council under the Finance Bill, 2019. Here are all the major updates, along with our take on how this affects GST-registered taxpayers: Section 10: Composition scheme A new sub-section has been introduced to bring in an …

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