Blogs

The much-discussed dual control and cross-empowerment issues between centre and state government sorted out recently. Introduction of new indirect tax structure in form of GST looks more certain from 1st July 2017. It has been agreed that the states would have the power to assess and administer 90% of tax payers with less than Rs.1.5 crore annual turnover while the remaining would be controlled by the centre. For tax payers with more than Rs.1.5 crore annual turnover, the states and the...

Section 166 of revised model GST law specifies that on the date of appointment, every person registered under the earlier laws with valid PAN would get provisional registration. For this purpose, the earlier laws include the following the laws:  

• Central Excise  
• Service Tax  
• State Sales Tax or VAT (except exclusive liquor dealers if registered under VAT)  
• Entry Tax  
• Luxury Tax  
• Entertainment Tax (except levied by the local bodies)  

After issue of...