Goods and Services Tax - Page 301

Taxability of Catering Contracts under the Haryana General Sales Tax Act, 1973

Under section 2(1)(v) of the Haryana General Sales Tax Act, 1973 (‘HGST Act’), ‘sale’ included supply, by way of or as part of any service or in any other manner whatsoever of goods, being food or any other article for human consumption or any drink (whether or not intoxicating), where such supply or service, is for cash, deferred...

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No Input Tax Credit under PVAT Act on Purchase of Diesel used for capitve generation of electric power

The Honourable Punjab and Haryana High court has held in an important decision in the case of State of Punjab & others. Vs. M/s Malwa Cotton & Spinning Mills Ltd. (decided on 24/08/2010) reversing the decision of the Punjab VAT Tribunal that no input tax credit will be available on the purchase of Diesel used in generation of electric pow...

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State FMs to discuss continuation of GST council on October 30

The empowered group of state finance ministers will discuss the constitution of goods and services tax (GST) Council and dispute settlement mechanism at its meeting on October 30. Earlier, Finance Minister Pranab Mukherjee had said the proposed GST C...

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GST scheme likely to be placed in winter session

Difference of opinion among some states with regard to the Goods and Services Tax (GST) scheme for the country was being narrowed down and the Constitutional Amendment Bill is likely to be placed in the winter session of Parliament. This was stated b...

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Centre unlikely to propose fresh constitutional amendments to facilitate the goods and services tax

The Centre is unlikely to propose a fresh set of constitutional amendments to facilitate the goods and services tax, or GST, having already bent backwards enough to accommodate concerns of the states....

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Filing of Revised Return for the month of August, 2010

VAT: CIRCULAR NO. 12 OF 2010-11 (28/09/2010)

Join GST Online Certification Course by GST Professionals & TaxGuru.in – Batch II GOVERNMENT OF NCT OF DELHI DEPARTMENT OF TRADE & TAXES VYAPAR BHAWAN, I.P. ESTATE, NEW DELHI-110 002 No. F.6(70)/P-I/VAT/2010/ 1747-56 Dated: 28-9-2010 CIRCULAR NO. 12 OF 2010-11 Subject : Filing of Revised Return for the month of August, 2010 1. T...

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MVAT circular on Grant of Refunds and specifies Fresh Guidelines for Disbursement of Refunds

Trade Circular No. 22 T of 2010 (05/10/2010)

After the introduction of VAT, a large number of refund applications are being filed, as compared to the BST period. The department is undergoing transition due to which business processes have undergone many changes. As a result, a number of circulars were issued from time to time to lay down the procedure for the granting of refund,...

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Centre rejects alternative model of Goods and Services Tax (GST)

The Centre has rejected the alternative model of Goods and Services Tax (GST) suggested by the empowered panel of State Finance Ministers and a few BJP-ruled States, which was suggested as a strategy to obviate the need for amendment to the Constitut...

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PIL alleges Sales Tax scam of over Rs 100 crore

The Bombay High Court has asked Maharashtra government's Principal Secretary (Finance) to file an affidavit by October 8 in reply to a PIL alleging scam in refund of Sales Tax to the tune of crores of rupees in Palghar division in nearby Thane distri...

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Exemption to penultimate sale under section 5(3) of the CST Act, 1956 – Decision of the Constitutional Bench of the SC

State of Karnataka Vs Azad Coach Builders Pvt. Ltd. & Anr (Supreme Court of India)

M/s Azad Coach Builders Pvt. Ltd. (hereinafter referred to as “the Assessee”) has received an order to build bus bodies, by an Indian exporter (Tata Engineering Locomotive Co. Ltd.) in accordance with an export order placed on the Indian exporter by and specifications provided by the foreign buyer (Lanka Ashok Layland Ltd., Colombo). ...

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Goods and Services Tax India

The Goods and Services Tax or better known as GST is a Value added Tax and is a comprehensive indirect tax which is levied on the manufacture, consumption, and sale of goods and services. The Goods and Services Tax in India would replace all the indirect taxes which are levied today on goods and services by the Central and the State governments. GST is intended to be comprehensive for most of the goods and services. Goods and Services Tax is a single indirect tax for the entire nation, which would make India a unified market. It is proposed to be a single tax on supply of goods and services, from a manufacturer to the end consumer. The credit of all the input taxes which are paid at each and every stage would be allowed in the following stages of value addition that makes GST basically a tax on value addition only at every stage. The end consumer would have to bear only the Goods and Service Tax which is charged by the final dealer within the supply chain, together with all the set-off benefits availed at previous stages.

At Taxguru, we provide all the latest GST news to our viewers. Our group of expert keep a close check on all the latest developments and provide a comprehensive analysis on GST updates. We keep updating our portal with articles on GST for the enlightening our readers. Bookmark us for all the GST articles and much more on GST.