Goods and Services Tax
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GST Registration Saga: Social Media Post Triggers Swift Clarification from Finance Ministry & CBIC
Rectification of GSTR-1 for AY 2020-21 Allowed per Circular 27.12.2022
Vague Show Cause Notices in Indian GST: A Legal Deficiency with Judicial Backing
GST Refunds: Procedures, Eligibility & Developments
Anticipatory Bail Rejected for Ineligible GST ITC Below ₹5 Crore: Gauhati HC
Non-Issuance of Formal GST SCN Not Prejudicial if Assessee Contested case: HP HC
J&K HC Sets Aside GST Refund Rejection Under Budgetary Support Scheme
Karnataka HC Stays ITC SCN and GST circular on snack classification
Online Gaming Taxation under Income Tax and GST Laws
VAT not payable on supply of food stuff as its ancillary activity of university: HP HC
GST Demand Order Requires Reply Consideration and Hearing Opportunity
MP VAT Act: 2023-24 Assessments Deemed Complete for Petrol Pumps
GST Council Modifies Life & Health Insurance GoM
GST Authorities Must Address Responses, Not Merely Echo SCNs: 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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