Goods and Services Tax
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Digital or Manual Signature Needed for Valid Section 73 GST Orders: Kerala HC
Detention order passed beyond time limit prescribed u/s. 129(3) of CGST Act is invalid: Madras HC
Gujarat HC Remands Case on GST Cess Demand for Review – Section 16(5)
Bombay HC Set Aside GST Order Against Wound-Up Firm
Form Mov-7 provides for mandatory period of 7 days for filing reply: AP HC
Determination of admissible Refund to exporter Under CGST Rule 89(4)
Clarification of Input Tax Credit Under Ex-Works Contracts
Clarification that Simplified Input Tax Credit Rules for E-Commerce Operators
Detailed analysis on effect of GST on activities in religious places
GSTN Advisories: Latest GST Updates and Compliance Changes
Patna HC upholds validity of Section 16(4) of CGST Act which restricts ITC
Tax Invoice & E-Way Bill Establish Assessee’s Ownership under CGST Act: Allahabad HC
Alleged Arbitrary & illegal GST notifications: Calcutta HC stays recovery
GST Waiver Scheme Under Section 128A: Key Highlights
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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