By: Ayushi Raghuwanshi INTRODUCTION The passing of the Goods & Services Tax bill has created history in the Indian taxation system. It is a significant breakthrough in the taxation system of India, being the single biggest tax reform. Change is fundamental to growth; the complexities involved in the indirect taxes both at the Central and State level demanded change which has now been brought about … Continue reading GST: One Step Towards Simplifying The Tax System Of India

By: Tushar Behl Introduction Being one of the most innovative tax reforms, the “Goods and Services Tax” (hereinafter GST) contemplates on putting a stop to all other indirect tax procedures and authorities in order to bring uniformity and flexibility in the taxation policy. In order to curb the struggle with regard to compliance with statutory provisions and in support of its procedural simplicity, the Central … Continue reading Composition Scheme Under Goods And Service Tax: Testing The Utility

By: Aradhana & Abhishek Kumar Introduction The manufacturing sector of a nation serves as a base for its economy. The Union budget of 2015 focused towards the expansion of this very sector by means of various incentives and concessions but the important question, in this regard, is whether such steps on part of the Union Government could harness the “real growth” of this sector. The … Continue reading GST and the ‘Manufacturing’ Sector – The Challenges Ahead