Goods and Services Tax
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GST Section 11A: Normal Trade Practices and Tax Relief
GST Provisions on Sale of Used (Second-Hand) Cars: A Detailed Analysis
जीएसटी एमनेस्टी स्कीम से संबंधित परिपत्र की समीक्षा।
Kerala GST Circular on Adjudication for Non-Filing of Flood Cess Returns
Kerala Flood Cess Non-Filing: Penalties and Compliance
Kerala SGST Adjudication of Show Cause Notices: Common Authority
Budgetary Support Scheme Not affected by Promissory Estoppel: J&K HC
Unless ITC is both availed and utilized, interest cannot be levied: Calcutta HC
GST Amnesty scheme: Waiver of Interest & Penalty- Section 128A
Section 17(5)(c) & (d) of CGST Act, 2017- Post-Safari Retreats Judgment
Rejection of claim of input tax credit based on web report without complying with circular no. 5/2021 untenable
New Regulation on RCM Self Invoicing effective from November 1, 2024
Attention – Hard – Locking of auto-populated values in GSTR-3B
Input tax credit beyond period prescribed u/s. 16(4) needs to be re-visited post Finance Act, 2024 amendment: Madras 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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