Goods and Services Tax
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Critical GST Checks You Can’t Miss before finalizing Books of Accounts
Safari Retreats Case: Can Legislature Rewrite Judicial Verdicts?
Lawyers in Individual Practice Exempt from GST & Service Tax: Orissa HC
Section 26E of SARFAESI Act and Section 34 of RDB Act will prevail over section 24 of TNGST Act
Cancellation of GST registration and rejection of revocation application upheld due to non-existence of business
Post-GST Assam Agricultural Market Cess Illegal, Refund Denied Under Unjust Enrichment Doctrine
Assam Agricultural Market Cess Struck Down Post-GST by Gauhati HC
GST Demand Unsustainable if Based on Tampered Inspection Reports: Patna HC
Activities which are neither supply of goods nor supply of services in GST Law
Consideration and Valuation Under GST
Responding to GST Notices: A Practical Guide
Transition of CENVAT Credit Cannot Be Denied Solely Due to inadmissibility under previous law
15 Basic concepts of GST Composition Scheme at a glance
HC Quashes GST Orders for Exceeding SCN Amounts & Lacking Proper Reasoning
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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