Goods and Services Tax
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SC Ruling on ITC for Construction Projects in Case of Safari Retreats
Building Qualifies as ‘Plant’ Under Sec 17(5)(d) Exception, ITC Available: SC
Analysis of compliance with Invoice Management System (IMS) introduced in GST
Summary of show cause notice cannot substitute requirement of notice u/s. 73: Gauhati HC
ITC on Construction: Supreme Court’s Landmark Ruling
Personal Hearing Mandatory U/s. 75(4) Before Passing of Orders: Allahabad HC
Input Tax Credit when Output supply is an Exempt Supply/ Supply under RCM
GST on Annuity Payments in Hybrid Annuity Projects & ITC Accumulation
GST on Mining Royalty post 9 Judge bench SC decision- is it attained finality?
Intelligence Officer empowered to pass order under GST: Madras HC
Revenue Department Cannot Block ITC Beyond ECL Credit: Delhi HC
Aluminium Foil Container Falls under CTH 7615; GST at 12%: Madras HC
सुप्रीम कोर्ट ने निर्माण खर्च पर इनपुट टैक्स क्रेडिट (ITC) का दावा करने की अनुमति दी?
Section 17(5)(c) & (d) of CGST Act 2017 are constitutionally valid: SC
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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