Goods and Services Tax
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Orissa HC: Writ Jurisdiction Not a Substitute for GSTAT; Pre-Deposit Mandatory
Duplicate GST Appeal Declared Non Est, Original Appeal to Proceed: Orissa HC
CBIC Monitors GST Rate Reduction to Ensure Consumer Benefits
GST Rate Reduction Simplify Tax Structure Across Sectors
GST Council Introduces Provisional Refunds for Inverted Duty Structure: MOF
Most GST Compensation Dues Cleared, Only Two States Pending: Govt
Government Mandates Retail Sale Price Display on Pan Masala Packs
GST Audit (GSTR-9/9C): Cause for Errors and Litigation
GST Paid Wrongly Because of Intra- vs Inter-State Misclassification: Challenges & Measures
Non-production of BRCs/ FIRCs cannot be reason for rejection of refund claim
Pre-Deposit via ECRL Not Valid for CGST/BGST Appeals: Patna HC
Automatic GSTR-2B Consolidation Tool in Excel
GSTR 9 Automated Tool with Reconciliation & Simplified Reporting
Consultant’s Failure to Act Leads HC to Quash Ex Parte GST SCN Order; Cost Imposed
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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