Goods and Services Tax
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SC to examine validity of consolidated GST SCNs spanning multiple financial years
Typographical Error in SCN Not Fatal, But Taxpayer Entitled to Fresh Adjudication
GST Refunds Section 54(3): Export under LUT & Inverted Duty Structure
NDPS Act: GSTIN in E-Way Bills Alone Cannot Establish Conscious Involvement
Jurisdictional Issues in DGGI Common Adjudication Orders under GST
From Play to Pay GST: Decoding SC’s Verdict on Online Gaming
How to Avoid GST Notices on Proportionate ITC Reversal?
GSTN Advisory on Mandatory ‘Ship To GSTIN’ & Voluntary e-Way Bill Closure Facility
E-Way Bill Dilemma: Penalty for Internal Branch & Job Site Transfers Under GST?
GST Assessment & Adjudication under CGST Act, 2017: A Comprehensive Legal Analysis
RCM on Renting of Immovable Property under GST – A Comprehensive Analysis
Can GST Authorities Club Multiple Years in One SCN? SC to Settle the Debate
GST Apellate Tribunal (GSTAT)- A Quick Overview
SC Keeps Section GST ITC Section 16(2)(c) Challenge Open: Impact on 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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