Goods and Services Tax
Log in to FollowGoods and Services Tax India: Read all latest GST news, articles, notification, circulars, case laws news on, MVAT DVAT PVAT GST GSTN IGST CGST GST Council GST Rates SGST GST Forms GST Rules.
Sunglasses Taxable at Higher VAT Because They Are Not Spectacles: P&H HC
Delhi HC Referred High GST on Air Purifiers for Review as Pollution Creates Health Emergency
GST Clearance Certificate Issued by CA Not Acceptable when Tender Involves Services: Bombay HC
Mechanical Dismissal of GST Appeal on Limitation Held Unsustainable: Rajasthan HC
Criminal Contempt Ordered against GST Officer for Misleading Affidavit in GST Refund Case
Bail Denied Due to Massive GST Evasion Through Online Gaming Routes
Medicated Toilet Soap Kept Outside 5% GST Slab Due to Distinct Therapeutic Use
Advance Ruling Rejected as GST Issue Already Decided in Audit Proceedings
GST Refunds under Inverted Duty Structure (IDS): MOOWR–DTA Focus, Process, Formula & Case Law
Bio-Diesel ITC Allowed for GTAs Paying GST Under Forward Charge
Purchaser Cannot Avoid GST Proceedings by Challenging ITC Provision: MP HC
3-Day GST Registration Under Rule 14A: Auto-Approval Doesn’t Ensure Relief
GST ITC Denial for Supplier Default Limited to Non-Genuine Transactions
Purchase Tax Cannot Be Shifted to Buyer for Seller’s Non-Payment: Madras HC
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.
