Wednesday, 20 March 2019

Growing story of GST in India - Few points.



01.   Multiple rate going to be exist
02.   Dispute going to be raise much for input ta credit.
03.   Multiple state registration
04.   FOC Supply (Free of Cost) is taxable 
05.   TDS & TCS applicability on E Commerce
06.   Employee Recovery   is most  debatable.
07.   Anti –profiting going to be stay.
08.   No clarity on Columbia – Asia cross charge
09.     New Litigations  
(i)                  Use of brand name by associate companies.
(ii)                Liquidated damage.  Further no input 
(iii)               Verification of Trans-1.  No input credit of CESS.    Already challenged in High Court.

10.    Follow the ISD mechanism while doing cross charge.

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