Simplified Laws Guide to Taxation and Legal Concern
The Institute of Chartered Accountants of India, with a view to update the members and other stakeholder at large about GST, has launched a Background Material on GST. The material covers various topics like concept of GST, its pros and cons, its feasibility & impact in India, challenges for Indian economy, GST in other countries etc. It is an all-inclusive material, which would provide an insight to the basic concepts of proposed GST regime.
CONTENTS
- Indirect Tax Structure in India – An Introduction
- What is GST, How it Works & its Advantages
- Models of GST
- Expected Model of GST in India
- Revenue Neutral Rate (RNR)
- Taxes/Duties to be Subsumed in GST
- Inter-State Transactions and GST
- Present Taxation vs. GST
- Roadmap to GST in India
- Challenges before the Government & Transitional Issues
- Impact on Key Industries/Sectors
- Expectations of Industry from GST
- GST in other Countries
- GST- Role of Chartered Accountants
- Working Paper [No. 1/2009-DEA] on Goods & Services Tax
- ICAI’S Concept Paper – GST Model for India – Suggestions
- Relevant Articles of the Constitution of India
- Entries in Schedule VII to the Constitution of India (Relating to Indirect Taxes)
- C-1 First Discussion Paper on Goods and Services Tax in India
You can download the Background Material on GST from Knowledge here.
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