While the ultimate burden of an indirect tax is to be borne by the consumer, the responsibility to collect and deposit in such cases rests with the supplier. Thus Supplier as defined in Section 2(105) means the person supplying the goods or services or both in relation to any goods or services or both and…
In a gigantic country like ours, which was and still is widely predominated by unorganized sectors, which were habituated for tax evading and other tax manipulations, the GST wave has send an electrifying tantrum among them. To curb, control and eradicate such practices, GST embeds a mechanism of Reverse Charge, which leads to bring transparency…
Baburam, the owner of a goods transportation agency, hurried inside the office of Kushal who was a CA by profession and looked after Baburam’s files. “Baburam ji!” Kushal greeted, “Long time. How are you doing?” “I ain’t doing any fine,” Baburam retorted as he sat, “For truck owners and transporters like us, GST has hit…
