Goods and Services Tax - Page 2

Income Tax and GST on Domestic & International Travel in India

Traveling teaches us things impossible to learn at home. Learn income tax & GST implication on domestic & international travel in India....

GST Rate on Old Vehicles: Analysis, Exceptions and Impact

Explore the GST rates on old and used vehicles, exceptions, and the impact on sales. Detailed analysis on ITC, cess, and margin scheme. ...

HSN codes in GST & How to calculate GST using HSN code?

Explore the world of Goods and Services Tax (GST) and Harmonized System of Nomenclature (HSN) codes. Learn about GST rates, the significance of HSN codes, and how to calculate GST using HSN codes. Dive into chapter-wise distribution of commodities and gain insights into the practical application of HSN codes in your business....

GST Appeal Amnesty Scheme 2023: Procedure and Provision

Discover the complete procedure and provisions of the GST Appeal Amnesty Scheme 2023. Ensure timely filing and benefit from this golden opportunity....

Delhi GST Department Implements Digital DIN

No. F.6 (4)/GST/Policy/2022/1122-28 29/11/2023

Circular 1122-28 from Delhi GST Department mandating use of Digital Document Identification Number (DIN) for transparent communication. Learn about exemptions, procedures, and implications...

GST on hostel accommodation services & supply of in-house food to inmates 

In re M/s. 2 Win Residency Ladies Hostel (AAR Tamilnadu)

Explore the detailed analysis of AAR Tamilnadu's ruling on GST for hostel accommodation services and in-house food supply. Learn about eligibility, tax rates, and composite supply implications....

Clean Energy Cess leviable even after introduction of GST

Central Coalfields Limited Vs Union of India (Jharkhand High Court)

Jharkhand High Court held that Clean Energy Cess is leviable even after introduction of GST. Accordingly, demand of Clean Energy Cess upheld....

Advisory on Amnesty for Missed GST Appeals: Procedures & Provisions

Press Release No. 612 28/11/2023

Advisory for procedures and provisions related to amnesty for taxpayers who missed GST appeal filing deadline for orders passed on or before March 31, 2023...

Understanding GST Section 36: Period of Retention of Accounts

This article delves into the specifics of GST Section 36, shedding light on the duration for which businesses must maintain their financial records....

Be aware of GST Classification: Avoiding Pitfalls in Business

In this detailed exploration, we will unravel the theoretical groundwork necessary to comprehend the implications of misclassification, using a practical example involving retailers, wholesalers, and manufacturers....

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.