Goods and Services Tax
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Understanding the New HSN Code Reporting Rules for GSTR-1
Orissa HC Orders Release of Bank Guarantee in GST Case
Non-Constitution of GSTAT: Orissa HC reduces Tax Deposit Requirement to 10%
GST Assessment Order Set Aside for Improper Notice Service: Fresh Opportunity with 25% Tax Deposit
State GST Authorities Lack Jurisdiction if CGST Notice Already Issued on Same Matter
Mechanical Dismissal of GST Appeal: Calcutta HC Directs Fair Hearing
Allahabad HC Orders Release of Seized Goods in GST Dispute with Bond & Guarantee
Kerala HC Rejects GST Fake Invoice Notice Challenge, Cites Alternative Remedy
Chhattisgarh HC Directs GST Refund for Pre-GST Contracts
Advisory: ENR-03 for Enrolment of Unregistered dealers on e-Way Bill Portal
Bombay HC Stays GST Demand on Corporate Guarantees
Online GST Registration for E-commerce Businesses: A Guide
Madras HC denies ITC, citing lack of e-way bills & transport documents
Input Tax Credit Claims: A Roller Coaster Ride for Taxpayers
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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