Goods and Services Tax – Started By: – ASHOK AMIN – Dated:- 24-8-2015 Last Replied Date:- 21-12-2015 – 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 and accounting principles would not be disturbed.So cheer up M
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nalized.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 ends on 23.12.15. Only 10 days have left. They should have opened Pandora's box afte
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