#Indirecttax #DhruvSeth #GST

The entire foundation of GST has been proposed to be seamless transfer of credit till the end consumer to ensure optimum pricing. However, under the current law of GST there are several direct inputs which have been mentioned in Sec 17 of CGST Act which would not be allowed to any assessee. In this write-up we wish to bring to your attention such input tax credits which will NOT be available to you once GST is enacted. Most likely taxes paid on all the other expenses apart fr

Till date we have been sending various articles and writeups about what the law states. However with this writeup we wish to inform you the possible pitfalls which you would need to take care of from 1st of July, 2017. 1 Avoidance of dual control A taxable person should be under one authority-either centre or state. Thus, principle of taxable persons having multi-state businesses, they may be assessed by state Government authorities in some States and by Central Government au