Goods and Services Tax
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Weekly newsletter from Chairman, CBIC dated 03/03/2025
GSTN Advisory: Directors Can Opt for Biometric Authentication Locally
GST Council Forms GoM on Disaster Cess Implementation
GST Council Revises Group of Ministers for Revenue Analysis
Kerala HC Orders Release of Seized Cash in GST Case
GST Classification of PVC Raincoats: AAR West Bengal Ruling
GST Classification of PVC Raincoats: West Bengal AAR Ruling
GST Classification of PVC Raincoats: Textile or Plastic?
GST Implications on Liquidation: Maheshwary Ispat Ruling
GST on reimbursement of municipal property tax by lessee / occupier
No GST on reimbursement of electricity charges on actual basis: WB AAR Ruling
GST Exemption on Frozen Seafood: West Bengal AAR Ruling
GST Rate on Wheat Milling Services for PDS in West Bengal
Unsigned GST Notices Are Unenforceable: Telangana 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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