Goods and Services Tax
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Additional Surcharge on Open Access Consumers Exempt from GST
Kerala SGST- Adjudication of SCNs- Common Adjudicating Authority
Understanding New IMS (Invoice Management System) on GST Portal
Relaxations/ Optional Tables in GSTR-9 and GSTR-9C for FY 2023-24
No Seizure & GST Penalty for Route Deviation in Transport: Allahabad HC
Due Date for GSTR-3B Extended for Maharashtra, Jharkhand
Press release dated 15.07.2020 classifying alcohol-based hand sanitisers as “disinfectants” quashed
CBIC Chairman’s Weekly Newsletter – 18th November, 2024
Input Tax Credit on Construction of a Building
GST Registration Cancellation Orders Without Valid Reasoning Violate Article 14
Taxpayer Not obliged to Check GST Portal for Notices After Registration Cancellation
Allahabad HC Quashes GST Demand Over Section 75(4) & natural justice Violation
Madras HC Dismisses Writ Petition, Allows Section 74 Proceedings & Directs Fair Evaluation of SCN
Madras HC Sets Aside GST Compliance Order, Directs Fresh Consideration on Tax Deposit & Documents
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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