QUERRY REGARDING GST
Query (Issue) Started By: – ASHOK AMIN Dated:- 24-8-2015 Last Reply Date:- 21-12-2015 Goods and Services Tax – GST
Got 13 Replies
GST
Dear Sir,
Please let me know if GST is implemented will there be any change in record keeping for excise units. Can they combine trading & manufacturing activity under same place.
Regards
Reply By YAGAY AND SUN:
The Reply:
Dear Ashok,
Do not worry on things which are not in existence at present scenario. Government is working on this aspect to get it pass in Rajya Sabha and if passed in this financial year, then, there would a paradigm shift in Indirect Taxation and would also give boost to our country's economy/GDP between 1% to 2%. However, the double entry system
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RI SETHI:
The Reply:
Yes. You can. You may ask any question but still GST has not been finalized.It is subject to so many changes. You will have to wait for.
Reply By ASHOK AMIN:
The Reply:
Dear Sir,
Ok. Noted. Thanks.
Reply By Ganeshan Kalyani:
The Reply:
The Empowered Committee has released Draft on registration, return, payment and refund. However these are draft and it will keep changing until it is finalized.
Reply By KASTURI SETHI:
The Reply:
Sh.Ganeshan Kalyani Ji,
You are right, Sir. Draft GST will keep changing as now BJP has opened Pandora's box which has stalled the proceedings in Rajya Sabha. Now chances for passage of GST bill in Rajya Sabha are slim. GST Bill will be in doldrums. The winter session in Parliament
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l. I don't know why there is a feeling is present government is really serious about GST or they are trying intentionally to create obstacle with gloves in
hand with previous government to delay this historical step of GST. There might be some gray or concern areas which
both the previous and existing government aware that could be one of the reason to delay the GST mechanism. If seriously some hidden issues, that will invariably be a biggest jolt on development.
Reply By Ganeshan Kalyani:
The Reply: 3 days left for winter session to conclude.
Reply By KASTURI SETHI:
The Reply:
No chance for passage of GST by Rajya Sabha. Now possible date is 1.7.16. It was in the news.
Reply By Ganeshan Kalyani:
The Reply: Then the implementation
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