Goods and Services Tax
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GSTR-2B and Place of Supply Mismatch: An Analysis
Maharashtra Advances Profession Tax Due Dates to 15th
Bombay HC Ordered Video Recording of Statements in GST Probe to Ensure Transparency
No Penalty for Minor Delay in E-Way Bill Extension During Export Transit: Gujarat HC
Section 60 CGST: How Provisional Assessment Works Under GST
Chhattisgarh High Court Refuses Writ Due to Availability of Alternative GST Remedies
Non-Alcoholic Beverages Taxed at 40% GST as Classified Under Schedule III: AAR West Bengal
GST Exemption Denied as FCI Not Covered Under Eligible Recipients in Notification 12/2017
No GST on Conservancy Services Provided to Municipality as Activity Falls Under Twelfth Schedule
Hookah Not ‘Article for Human Consumption’: AAR Denies 5% GST as Restaurant Service
GST AAR Disposes Application as Withdrawn After Business Model Found Unviable
No Penalty as Full ITC Benefit Passed to Buyers, GSTAT Accepts DGAP Report
Anti-Profiteering Allegation Dismissed as DGAP Finds No ITC Gain After GST Rollout
GST on University Affiliation Fees Quashed as Not a “Supply of Service” Under Section 7
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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