Goods and Services Tax
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GST Not Applicable on Pre-GST Lease Cancellation: AAR Kerala
Kerala AAR Classifies ‘Recron Filled Baby Net Bed’ as Mattress, Subject to 18% GST
Kerala AAR Clarifies GST on Marine Engines, Parts & Fishing Vessel Repairs
Kerala AAR Clarifies GST on Government Stationery Dept Operations & Supplies
Kerala AAR Clarifies HSN and GST Rate for Icing Sugar
GST on Medicines & Supplies for Inpatients & Outpatients: Kerala AAR Clarifies
GST on Medicines and Implants Supplied to Inpatients During Treatment
State Insurance Services Exempt from GST: Kerala AAR
Bail Considerations Under GST at Various Investigation Stages
Unutilized ITC Refund on Business Closure – Is It Permissible Under GST?
Cr.P.C. applies to proceedings conducted under GST Act to the extent there is no contrary provision
Driver Reply Not Enough for GST Confiscation & Penalty: Uttarakhand HC
Allahabad HC Quashes GST Demand Order Exceeding Show Cause Notice
GST Payable under Reverse Charge Mechanism (RCM)
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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