Goods and Services Tax
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GST Advisory & FAQ on Electronic Credit Reversal & Re-claimed Statement & RCM Liability/ITC Statement
GST Payable on Foreign Patent Filing Costs Due to Import of Legal Services: AAR West Bengal
Summons under Section 70 of GST: How to Handle Them Without Panic
Indian Developer with Solo US LLC: Taxation and GST Explained
Saving Clauses in Tax Legislations: Continuity of Proceedings After Repeal
Indian Tax & GST Position for an Indian Resident Forming a Single-Member US LLC (Delaware) for Digital Product Sales
Format for Application Seeking Stay of Recovery Due to Non-Functional GSTAT
Geo-Tagged Photo of Director Not Mandatory for Adding Additional Place of Business Under GST
SC Issues Notice on Plea Seeking Transition of Accumulated GST Compensation Cess ITC On Stock As on Date of Compensation Cess Abolition
Wrong E-Way Bill Destination is Major Violation, Not Clerical Error: MP HC
Non-effective portal notices, without a fair hearing or opportunity to reply, violate principles of natural justice
Appeals Before GST Appellate Tribunal: Procedure, Limitation & Compliance
Adjudicating authority having highest tax demand will adjudicate cases involving multiple parties
Consolidation of multiple tax periods in single show cause notice under GST is impermissible
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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