Goods and Services Tax
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SC upholds GST exemption for renting residential dwelling used as hostel by students
GST Show Cause Notice Not Quashed Due to Alternative Remedy Available
Common Errors & Correct Reporting of Exempt Sales in GSTR-9 of 24-25
Whether Section 70 GST Summons amounts to Initiation of Proceedings?
ITC on Commercial Buildings for Leasing Overturned by Retrospective Section 17(5)(d) Amendment
E-Commerce Sellers & GST: Red Flags That Trigger Notices
GSTR-9 and 9C Reconciliation: Avoid Common Annual GST Filing Errors
Leasing of Residential Premises as Hostels: SC Settles GST Exemption Debate
No Separate Notification Needed for State Officers to Enforce IGST: Karnataka HC
Delhi HC Warns Against Using Income Tax Search Material & AI Judgments in GST Cases
Renting of Residential Dwelling under GST: SC Clarity, Unresolved Issues & Road Ahead
ITC Cannot Be Reversed from Buyer Without Action Against Defaulting Seller: Kerala HC
GST Assessment Based On Entries Found In Loose Slips, Notebook & Diary
Denial of GST ITC due to non-filing of TRAN-1 not justified as form not filed due to technical glitch
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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