Goods and Services Tax
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GST Registration Requiremetns Under CGST Act, 2017
GST Section 129 Detention: Government Cites Safeguards for Technical Errors
Religious Trust Taxation: Income Tax Act Exemption and GST Relief
Direct and Indirect Tax Collections Rise; Taxpayer Base Expands
State-wise GST Collection on Arecanut Sales: FY 2021-22 to 2026-27
GST on Livestock Insurance Remains at 18%, No Rate Cut Proposal Pending
GST AAR: Hotel Booking Agent Denied Pure Agent Benefit Under Rule 33
CBI Arrests CGST Superintendent in Rs. 1.5 Lakh Bribery Case
GST Annual Return Reconciliation and GSTR-9 Compliance Checklist
No GST on Transit Shortage Recovery as Liquidated Damages; ITC Reversal Required
Gujarat HC Upholds GST on Corporate Guarantees, Reads Down 1% Valuation Rule
SC Directs Communication of Section 69 CGST Arrest Orders Before Arrest
Delhi HC Stays IBBI Order Denying GST Reverse Charge to Advocate Acting as IRP
Education Consultancy Services Not Intermediary Services Under GST: Delhi 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.
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