Goods and Services Tax
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Mastermind Arrested for ₹1,825 Crore GST Refund Fraud via Fake ITC & Bogus Exports
Whether Supplier Can Reduce Output Tax Liability Through Credit Note When Recipient Becomes Unregistered?
GST Export of Services: Why Using Customs Exchange Rate Is Wrong
Odisha Abolishes Professional Tax
Chhattisgarh HC Stayed GST Recovery Subject to Pre-Deposit Compliance
Appeal In Goods And Services Tax Appellate Tribunal: E-Filing Portal & Law
ITC Cannot Be Denied for Supplier Default: Key GST Rulings Explained
GST Suspension, Cancellation & Section 74: How Bona Fide Buyers are Penalised for Others’ Defaults?
Bombay HC Sets Aside GST Cancellation for Lack of Reasons; Bank Attachment Ends After One Year
Telangana HC Stayed GST SCN Due to Illegal Clubbing of Sections 74, 74A & 130
Apply in DRC-20 for GST Payment in Instalments: Telangana HC
Penalty Cannot Survive After Demand Dropped, Telangana HC Directs Rectification Route
Telangana HC Allows Manual Application for Revocation of GST Registration Cancelled for Non-Filing of Returns
GST Notice Management System
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.
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