Goods and Services Tax
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GST on Skill Development Services: AAR Karnataka Ruling
GST Rate on Motor Vehicle Seat Parts – AAR Karnataka Ruling
Classification of Motor Vehicle Seat Parts Under GST
AAR Karnataka Clarifies GST on Artificial Turf and Sports Flooring
AAR Karnataka clarifies GST Exemption for Cattle Feed Supplies
Cake Gel is miscellaneous edible preparation & attracts 18% GST: AAR Karnataka
Gujarat AAAR Allows ITC on VCV Tower Construction
Gujarat AAAR Declares I-Tech Plast Advance Ruling Void for Non-Disclosure
Beyond Section 54(3)- Can Section 49(6) Unlock Refunds of Unutilised ITC on Business Closure?
SC Allows Review on 100% GST Penalty Without Proof of Fraud
Issuance of GST SCN & disputing position settled by SC & Binding AAAR Ruling amounts to abuse of Law
GST on Post-Supply Price Revisions for Export of goods with IGST payment
Rule 37A of CGST Rules: Reversal & Re-availment of Input Tax Credit (ITC)
Budgetary Support Scheme is Unit-Specific & not Ownership-Specific: SC
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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