Goods and Services Tax
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Advisory on New GST Form DRC-03A for Demand Payment Adjustments
E-Invoicing Under GST: Applicability and Key Requirements
Can Unpaid GST under RCM from 2017-18 to Oct 2024 be Paid in 2024-25 with ITC?
CBIC Update: Diwali Greetings, Solar Lighting and New Guidelines
New RCM Time of Supply Rules Effective from 1st November 2024
IGST रिफंड पर नियम 96(10) मनमाना और अवैध: केरल हाईकोर्ट
GST Amnesty Scheme 128A: No Interest, Penalty for FY 2017-18 to 2019-20
Gross and Net GST revenue collections for the month of Oct, 2024
Composite Supply and Mixed Supply under GST Explained
Dual proceedings under GST for same issue are barred by law: Karnataka HC
GST Registration Cannot Be Cancelled for Non-Submission of SCN Reply: Allahabad HC
Madras HC quashes GST assessment order citing lack of personal hearing
Temporary business suspension due to health not justify GST registration cancellation
ITC Blocking & GST Registration Issues: Rajasthan HC stays coercive action
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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