Who is liable to pay GST? Who is a taxpayer under GST?

By Paras Mehra January 16, 2017

This is perhaps a very important question that everybody asks for. Is I am liable to pay GST? and if yes, then when? When did I am liable to pay the GST? What is the basic exemption limit under GST?

Who is NOT liable to register under GST? – Non Applicability of GST

By Paras Mehra January 14, 2017

This article explains the important part of GST which lays down that who is NOT required to get register under GST. As a simple rule, if you are supplying goods and services within a state of more than 20 Lakh in a financial year, then you are liable.

Basic exemption limit for small dealers/suppliers under GST in India

By Paras Mehra January 14, 2017

Exemption limit in Goods and Services Tax (GST) have two basic exemption limits which are as follows 10 lakhs for North Eastern States and 20 lakhs for rest of India.

Meaning and Features of Goods and Service Tax (GST) in India

By Paras Mehra January 11, 2017

Goods and Service Tax (GST) has been introduced with an only motive to accelerate the economic growth. It is expected that GDP growth will increase by 2% after introduction of GST.

Need for Goods and Services Tax (GST) in India – with examples

By Paras Mehra January 11, 2017

As said, GST is the solution to the flaws in the current taxation policy. It is expected that GST will revamp the whole indirect tax structure in India and it will provide boost to the ease of doing business.

Status of Central Sales Tax (CST) and Compliance cost under GST in India

By Paras Mehra January 11, 2017

Central Sales Tax (CST) is tax levied on sale of goods in the course of interstate trade and commerce. As per the Constitution of India, no state has the power to levy taxes on interstate sales. Central Sales tax is a tax levied by Central government.

Taxes to be subsumed under GST in India

By Paras Mehra January 11, 2017

There are various indirect tax laws functioning differently still not able to achieve the desired satisfaction. So many taxes create non compliance, tax evasion and also it is difficult for the government authorities to administer.

What are Demerits or Disadvantages of Goods and services Tax (GST) in India

By Paras Mehra January 11, 2017

Apart from many advantages or benefits, GST also has a negative side which may also have far reaching impact on the economy and business. Here are some of the disadvantages that may arise under GST regime.

What is consumption based tax under GST?

By Paras Mehra January 11, 2017

GST is a consumption based tax, tax revenue will be levied and collected by the consuming state, and this helps the consuming state to protect their tax base.