https://www.taxtmi.com/article/detailed?id=6506 The draft GST registration procedures propose a compounding scheme that excludes input tax credit, risking cascading taxes; a deemed credit to buyers is recommended. Continuation of the input service distributor is possible but requires clear distribution rules amid multiple registrations. Casual dealer rules require advance tax deposits, which may impair liquidity and could be replaced by bond or bank security. Migration plans rely on prefilled data imports but lack verification and omit treatment of existing Cenvat/input VAT balances; reverse charge and brand-name supply treatment are inadequately addressed. en-us Wed, 04 Nov 2015 09:49:11 +0530 Wed, 04 Nov 2015 09:49:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6506 The draft GST registration procedures propose a compounding scheme that excludes input tax credit, risking cascading taxes; a deemed credit to buyers is recommended. Continuation of the input service distributor is possible but requires clear distribution rules amid multiple registrations. Casual dealer rules require advance tax deposits, which may impair liquidity and could be replaced by bond or bank security. Migration plans rely on prefilled data imports but lack verification and omit treatment of existing Cenvat/input VAT balances; reverse charge and brand-name supply treatment are inadequately addressed. Articles Goods and Services Tax - GST Wed, 04 Nov 2015 09:49:11 +0530 https://www.taxtmi.com/article/detailed?id=6506