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The most talked, the most tweeted, the ever trending topic from the galleries of Dalal Street to the Houses of Parliament, from the tea gardens of East to the coffee plantations of South, GST is here to kick-start its journey. It is now few hours left for the historic GST to be launched in a
Introduction: An important query related to the transitional provisions under GST is regarding the treatment of VAT and CENVAT credit, in respect of stock held on 30 June 2017. The treatment will depend on the nature of registration of the organization under the present laws. Transitional Provisions for Input Tax Credit (ITC): Every registered person
