Goods and Services Tax
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56th GST Council Meeting – Rate Rationalization & Trade Facilitation
Misuse of GSTIN of a trader by third Party should be investigated by Economic Offences Wing of Delhi Police
Major GST Rate Reforms: A Historic Step in 56th Council Meeting
Delhi HC Directs Processing of GST ITC Refund Under Inverted Tax Structure
IGST can be adjusted against CGST/SGST liabilities: Kerala HC
Double Demand on ITC Mismatch Unsustainable: Orissa High Court
GSTAT Appeal Procedure: A Step-by-Step Guide
Limitation under GST Runs from Actual Knowledge, Not Portal Upload: Rajasthan HC
GST and its its impact on MSME sectors and its new amendment
56th GST Council Meeting: Consumer Relief & Tax Simplification
Key Amendments Recommended by GST Council Beyond Rate Changes
From Reform to Courtrooms: Growing GST Litigation Storm in India
56th GST council meeting – a brief overview
GST दरों में बड़ा सुधार: 56वीं बैठक के ऐतिहासिक कदम
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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