Goods and Services Tax
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Allahabad HC Directs Dept to Review Contractor’s GST Claim on Defect Period
Concessional rate of 2% entitled even if dealer unable to obtain Form-C declaration
Complete attachment of bank accounts during pendency of adjudication in GST evasion not justified
ICAI Suggests GSTR-9, GSTR-9C Form Improvements
Grievance Redressal Mechanism for processing of application for GST registration
CGST Inspector Arrested for Accepting Rs. 10,000 Bribe in Prayagraj
No Discretion to Waive Pre-Deposit Under Section 107(6) of CGST Act: Delhi HC
GST ITC Block Limited to One Year Under Rule 86A: Delhi HC
GST on Societies/Clubs & Members: Revisiting History or Writing a New Chapter?
Delhi HC Denies Writ Relief in ₹550 Cr GST Fraud Case
Are exempt supplies taxable under composition scheme of GST?
Invoice-wise Reporting Functionality in Form GSTR-7 on portal
Taxpayer Cannot Plead Unawareness After Responding to GST SCN: Delhi HC
Allahabad HC Quashes GST Order for Ignoring Section 14 of Limitation Act, Remands for Fresh Consideration
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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