India is planning a significant shift toward a litigation-free environment under the GST regime, creating a liberal mechanism that would allow all taxpayers to ascertain liabilities beforehand. The draft rules for advance ruling mechanism will allow all categories of taxpayers to approach the authority , unlike the existing system that restricts the facility to proposed transactions before the start of a business.
Rakesh Nangia, Managing Partner shares his views on aforementioned story for following publications:
Every registered person shall have to maintain a “true and correct” account of the goods or services imported or exported or of supplies attracting payment of tax on reverse charge under the proposed Goods and Services Tax (GST) regime, the new set of draft rules released by the Central Board of Excise and Customs (CBEC) stated
Rakesh Nangia, Managing Partner shares his views on aforementioned story for Indian Express- Stand alone story. (This is a exclusive piece written by Indian Express- Nangia & Co is the first one to comment on this development )
Rakesh Nangia, Managing Partner shares his views on E-way bills: Proposed GST rules lack clarity, say experts for Financial Express.
Rakesh Nangia, Managing Partner spoke to CNBC Awaaz discussing How GST is going to help Tax Advisory firms? Are they prepared for GST?
Slot timings : 2.20- 2.48
Attached is link to the video
The goods and services tax (GST) regime is less than 75 days away — assuming July 1 as the roll-out date. Here is a look at how doing business will be different in the GST-era.
Rakesh Nangia, Managing Partner shares his views on 5 crucial ways how doing business will be different under GST for Business Standard
Shailesh Kumar, Director- Direct Taxation contributed an article on How to claim tax exemption on HRA: 3 brief points to ponder for Financial Express
