Author: Tabish Ahmad

Topic Name – Which of the existing taxes are proposed to be subsumed under GST   The GST would replace the following taxes- Taxes currently levied and collected by the Centre: a. Central Excise duty b. Duties of Excise (Medicinal and Toilet Preparations) c. Additional Duties of Excise (Goods of Special Importance) d. Additional Duties […]

Topic Name – What exactly is the concept of destination based tax on consumption   The tax would accrue to the taxing authority which has jurisdiction over the place of consumption which is also termed as place of supply. For Example . Mr. A is a supplier of goods registered in the State of Jharkhand  […]

Topic Name – What is Goods and Services Tax (GST)   It is a destination based tax on consumption of goods and services. It is proposed to be levied at all stages right from manufacture up to final consumption with credit of taxes paid at previous stages available as setoff. In a nutshell, only value […]