Single or Ideal GST Vs. Dual GST – “Look Beyond the Obvious” After the change in Political Scenario of this great country having deep roots of democracy, why not the people of India get a ‘unified-single GST’ which is the ‘ideal GST’ rather than compromising for the ‘dual GST alongwith IGST’ which the erstwhile Government […]
Written by Mukul Gupta (Sr. Partner) and assisted by Nainshree Goyal (Associate) at SHARNAM LEGAL-Advocates & Solicitors A very interesting scenario has been talked about in this article. It is about the antique, classic cars are being refurbished. The case where the old cars (manufactured prior to year 1960) are bought in depleted condition or […]
By: MUKUL GUPTA, Tax Advocate R-13/24, Raj Nagar, Ghaziabad Tel :0120-2820380,2820407 E-mail: mukuladv@hotmail.com Although, the stage has now been set for implementation of VAT at the State level from 1st April 2002, but this concept of State VAT does not fulfill the objects and advantages of implementation of VAT system of taxation in India. The […]
INTRODUCTION TO NON RESIDENT TAXABLE PERSON (NRTP) The Constitution of India under Article 5 and Part II defines three parameters to be fulfilled for being considered as a Citizen of India which are in the following sequence; At the Commencement of the Constitution every person who has his domicile in the territory of India and […]
The objects of the Act, as stated in preamble of the CST Act are – To formulate principles for determining (a) when a sale or purchase takes place in the course of inter-state trade or commerce (b) When a sale or purchase takes place outside a State (c) When a sale or purchase takes place […]