Goods and Services Tax
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Veterinary Services Exempt, Chick Sales Commission & Lab Testing Taxable Under GST
Property Tax Survey Services for Municipalities Not Exempt from GST: Maharashtra AAR
AAR Maharashtra Denies ITC on Pipeline, Rules Floating Unit is a ‘Factory’
Liquidated Damages & Forfeited Deposits for MSETCL Not “Supply” Under GST
Shot Blasting on Customer Castings Classified as Job Work Under SAC 9988, Attracting 12% GST
Gantrex’s Service for ISRO is Pure Service, Not Works Contract, Attracts 18% GST: AAR
Infantometer at 12% GST, Stadiometer at 18% GST: AAR Maharashtra
Fruit Protection Bags Classified Under 48194000, Attract 18% GST: AAR Maharashtra
Baby Car Seats Classified as ‘Other Seats’, Not Vehicle Accessories: Maharashtra AAR
Interest on Deferred Payments in Road Projects Taxable Under GST: Maharashtra AAR
American Education Trust Withdraws GST AAR Application
Cash Credit Accounts Exempt from GST Attachment: Bombay High Court
Calcutta HC Stays Transitional ITC Recovery Demand
Calcutta HC Directs Reconsideration of Delayed GST Appeal on Merits
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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