Goods and Services Tax
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Jharkhand VAT: HC Quashes Tax Order on Iron Ore Valuation
Revoking ‘Deemed Approved’ Orders for Unpaid Basic Tax under GST Waiver Scheme
GST on sale of capital goods: Rule 40(2) vs Rule 44(6)
GST on Sale of Developed PLOT: CBIC Clarifications vs. AAR Gujarat Rulings
Cloud Kitchens & Takeaways: GST Composition Scheme Eligibility & Compliance
Issuing Credit Notes? This Document Can save You from GST Demands
Procedural Inconsistencies in GST Recovery for Unfiled Returns
AAR denies GST ITC on Imported Parts Where Foreign Supplier Paid Tax
GST Authority Declines to Rule on Input Tax Credit Refund Question
No ITC Admissible for Construction-Related Supplies & Services for Factory Building
Tipper Body Fabrication: AAR Rajasthan Members Diverge on GST Classification
Benefit under Amnesty Scheme admissible as notices deemed to be issued u/s. 73 of CGST Act in absence of ingredients of Section 74
GST Appellate Authority Lacks Power to Condon Delay after expiry of one month beyond prescribed limitation period
GST Penalty Payment Concludes Section 129(5) Proceedings: Orissa 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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