Goods and Services Tax
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Brief Note on Scrutiny of Returns by Proper Officer under GST
Reporting TDS Deducted by Scrap Dealers: October 2024 Advisory
Negative Impact of New Invoice Management System on Quarterly Return Filers
HC dismisses GST Refund Claim: Importance of Clear Contracts & Challenging Orders
CBIC Chairman’s Weekly Newsletter – 25th November, 2024
Powers of Additional/Joint Commissioners amended for GST Intelligence Notices
GST: Bombay HC dismisses Petition due to availability of statutory alternate remedies
Assessee Granted Opportunity as Accountant Failed to Inform About Notices Before Demand Order
जीएसटी अधिनियम, 2017 में शामिल धारा 16(5)(6) का लाभ कैसे लें?
GST Recovery Based on Summary Order Without detailed Order is Invalid: Gujarat HC
Opportunity Granted to Explain GSTR-1 & GSTR-3B Discrepancies as 75% Tax Paid
No Penalty for E-Way Bill Technical Error if no intention to evade tax: Allahabad HC
Demo Vehicles Capitalized by Dealers Qualify as Capital Goods for ITC
High Court Declines Post-Deadline GST Amendments: Lessons for Businesses
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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