Goods and Services Tax
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Uttarakhand HC Permits GST Registration Restoration Post Return Filing & Dues Payment
Delhi HC allows GST ITC Despite Supplier’s GSTN Error
Kerala HC Sets Aside Order Denying ITC: Directs Reconsideration in Light of Section 16(5) Extension
Utilisation of Wrong ITC: Should Interest be levied When Overall Credit Is Sufficient?
GST on Nominal Canteen Recovery for Bridgestone; Free Transport Not Supply: AAR
Ferrero India Liable for GST on Canteen, Transport Recoveries; Notice Pay Exempt
Lear Automotive Liable for GST on Employee Canteen, Transport Recoveries; ITC Denied
Spicer India Liable for GST on Subsidized Canteen, Transport Recoveries: AAR Maharashtra
Biotech’s Cancer Test Not Exempt from GST: Maharashtra AAR
GST Applicable on Nominal Canteen, Transport Recoveries from Employees: Maharashtra AAR
Thane Municipal Transport Undertaking’s AAR Application on Supplier Taxability Rejected
Renting Residential Building for Backward Class Girls Hostel is GST Exempt: AAR Maharashtra
Geometry Compass Box is a Mixed Supply, Taxable at 18%: AAR Maharashtra
Geomembrane for Waterproof Lining Under Textile Chapter 59, Attracts 12% GST: AAR Maharashtra
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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