Goods and Services Tax
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Delhi HC Orders GST Dept to Rectify Communication Gaps & Draft Fresh SOP on Key Issues
Madras HC Quashes Ex-Parte GST Demand, Lifts Bank Attachment on 25% Deposit
Dress Code, Functional Duties and Procedural Responsibilities of AR before GSTAT
Appellate Authority Can Condonate Delay Beyond 4 Months Under WBGST Act
GST Compliance for Freelancers in India: Common Mistakes & How to Avoid Them
Gujarat AAR denies ITC on Pre-Engineered Building & Integrated Crane Systems
Omission of CGST Rule 96(10) from October 8, 2024, Extends to Pending IGST Refunds for Exporters
Power to Arrest’ under CGST and Customs Act: A Judicial Review
Understanding Section 41 of CGST Act and Rule 37A of CGST Rules
Free Party Ledger PDF to Excel Convertor
Introduction of Enhanced Inter-operable Services Between E-Way Bill Portals
CBIC Initiatives: GST Pakhwada & DIN Clarification
Guide to LUT Filing for Zero-Rated Export Supply Compliance
Jurisdiction & Functions of “Proper Officers” under Kerala GST Act, 2017 – Reg.
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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