Goods and Services Tax
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Request for GST Adjudication Guidelines Issuance by AGFTC and ITBA
GST Ruling for KBPL Declared Void Due to Fact Suppression
GST Appeal Rejected for Incomplete Fee Payment by Imaging Solutions
Scrap Materials Excluded from Margin Scheme, Not Classified as Second-Hand Goods under GST: Rajasthan AAAR
Rajasthan GST AAAR Rules on Objections in Giri Transport Company Case
Right to avail ITC is conditional right: Kerala HC
Notice in DRC-01 issued for different assessment year quashed and matter remanded: Madras HC
Corrigendum to Circular No. 237/31/2024-GST dated 15th October, 2024
Kerala HC directs Separate GST Proceedings for Each Financial Year Despite Consolidated SCN
GST Compliance on Metal Scrap Purchase (Buyer to Follow) & Seller (to know)
No blocking of ITC in Electronic Credit Ledger if sufficient balance was not available
GST Council Newsletter August 2024
Granting of personal hearing mandatory prior to passing adverse order: Madras HC
Rectification order without informing rectification reason is liable to be quashed: Kerala HC
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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