Don’t assume that since you are a buyer, you just have to pay tax to seller and that’s all. It is very much possible that you could be liable to pay tax to the government directly, under the concept called reverse charge. Few might argue that this is not a new concept as it exists under service tax law in present indirect tax regime and they are well versed with it. then why? Read More
It will not be incorrect to term GST as the current anthem of the nation. July 1, the appointed day for implementation of GST is near. In our previous article (Export of Goods and Services under GST), we discussed the GST provisions and impact on export of goods and services. In this article, we will be looking at the GST take on other leg of international trade which is import of goods and services make your life easier. Read More