Goods and Services Tax
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Reverse Charge Mechanism under GST: Applicable Services & Conditions
Gross and Net GST revenue collections for the month of Jan, 2025
Budget 2025: Key Customs & Excise Changes in Finance Bill 2025
Budget 2025-26 Proposes 8 Key GST Amendments
जीएसटी एक्ट में GSTR-9C पर विलंब शुल्क?
Looming Threat of 100% Penalty for Delayed GST Compliance: Taxpayer’s Shield and Safeguards
Orissa HC Reduces Tax Deposit Requirement for GST Appeal Stay
Order Reducing 1% ITC under Rule 86B Set Aside for Lack of Personal Hearing
Section 129 GST Penalty Set Aside, Matter Remanded for Readjudication
Bombay High Court Dismisses GST Writ Petition, Cites Appeal Remedy
HC allows GST Registration cancellation Revocation on Filing Returns & Payment of Dues
Himachal HC Reviews GSTAT Eligibility Technical Member Relaxation Decision
AP High Court Sets Aside GST Order for Missing DIN & Officer’s Signature
MoCA Updates on GST Exemption for Foreign Airlines Services
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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