Goods and Services Tax
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Uttarakhand HC Quashes GST Demand Order Passed after Rule 96(10) Omission
Company Misinterpreted Tax Orders, Must Face DGGI Probe on TRAN-1: P&H HC
Madras HC Sets Aside GST Order for Parallel Sections 65 & 73 Proceedings
GST: Blocked Input Tax Credit (ITC) – Section 17(5)
21 Common Mistakes in E-Way Bill Compliance that Lead to GST Penalty
Parallel Proceedings in CGST and SGST: Cross Empowerment under GST
Bombay HC Declines to Halt GST SCN against PayU Post Audit & Voluntary Payment
GST Composition Scheme: Simplified Tax for Small Businesses
Start a small scale trading business – buying from door-to-door & then selling
Place of Supply GST: Inter vs Intra-State, Goods & Services Rules
Delhi HC Clarifies ‘Any Person’ Under Section 122(1A) GST: A Game-Changer
CBIC Issues Instructions on GST Audit Records
Direct vs. Indirect Tax in India: Part 4 – CAPEX
Kerala GST: Proper Officer Amended for Amnesty Scheme
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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