Goods and Services Tax
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No GST Ruling Issued as Property Owner Withdraws Hostel Tax Clarification Request
GST ITC Denied on Commercial Building Construction Despite Taxable Rental Output: AAR Tamilnadu
Corporate Meal Delivery Is Service Since Supply Includes Logistics and Coordination: 18% GST Applicable
Proposed Manufacturing Expansion Deferred, GST AAR Application Withdrawn
GST Applicable Despite Goods Not Entering India Due to Supply Between Indian Parties: AAR Tamil Nadu
GST on Mutual Fund Distributors and Insurance Agents Commission
GST Collections Show Steady Growth as Rates Are Simplified
GST Registration Threshold Limit
Printed Educational and Medical Books Already Exempt From GST: Government
No Compensation Planned for States After Recent GST Rate Restructuring
Government Rejects Claims of Excessive Multi-Layered Tax Burden
GSTAT Remanded Profiteering Allegation for Verification of ITC Benefit Passed On
Pre-Show Cause Notice Intimation under GST: Form GST DRC-01A
Delhi HC Refuses Interference With Circular Assigning Proper Officer Powers Under GST Law
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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