Goods and Services Tax
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Impact of GST Rationalisation for Hospitality Industry
AI-Hallucination – Lessons from Gujarat High Court’s Landmark Warning
Section 79 CGST: Recovery Proceedings, Key Judgments & Example
Format of Certificate of ITC Reversal by the Recipient of Goods and Services
GST Inspection Under Section 67 of CGST – Steps Involved
GSTAT Operational: Complete Guide to GST Appellate Tribunal Appeals
CGST Issues Advisory Warning Against Fake GST Officers Impersonating Tax Officials
GST Registration Refused in Rajasthan as Company Failed to File Returns in Tamil Nadu
GST Rectification, Appeals & Limitation: Interpreting Gap between Sections 107 & 161
SCN u/s 74 GST Valid Even if Based on Material from Alleged Illegal Search: Karnataka HC
Amendment in GST Interest Calculation on Delayed Cash Payment in GSTR-3B
Retrospective GST Cancellation and ITC Denial: Courts Protect Bona Fide Buyers
Practical Guideline for Filing Appeals before GSTAT
Advisory regarding confirmation of Tax Liability Breakup, As Applicable in GSTR-3B
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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