QUERRY REGARDING GST

[ASHOK AMIN]

Dear Sir,

Please let me know if GST is implemented will there be any change in record keeping for excise units. Can they combine trading & manufacturing activity under same place.

Regards

AI Summary

GST Bill Faces Delays Amid Political Challenges; Key Issues Include 'Supply' Definition and Record-Keeping Changes A discussion on the Goods and Services Tax (GST) centered around potential changes in record-keeping for excise units and the integration of trading and manufacturing activities. Participants noted that while the GST bill aimed to transform indirect taxation and boost the economy, its passage faced political hurdles. The bill's definition of 'supply' and its impact on record maintenance were highlighted as pending clarifications. Updates on draft regulations were shared, but political challenges in the Rajya Sabha delayed the bill's passage, pushing the potential implementation date to 2017. Participants expressed eagerness for further updates and clarity.