Goods and Services Tax
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Key Outcomes of 54th GST Council Meeting
Penalty cannot be imposed on Assessee for not generating E-Tax Invoice
HC grants interim protection to assessee against coercive action due to proposed amendment on ITC claim time limit
54th GST Council Meeting: 10 Key clarifications & recommendations
GST is applicable on rejected/damaged paddy: AAAR Chhattisgarh
Delay in filing of an appeal occurred due to search of relevant document condoned: Madras HC
Principles of natural justice violated as matter reopened without assigning specific reason: Madras HC
Key Recommendations of 54th GST Council Meeting Held on 09.09.2024
Comprehensive Analysis of 54th GST Council meeting Recommendations
Commissioner empowered to designate proper officer for completion of assessment under TNGST: Madras HC
IGST Refund for exporters who initially imported without paying IGST & Cess
Clarification on GST Place of Supply for Data Hosting Services
Input Tax Credit Clarification for Demo Vehicles – GST Circular
GST on advertising services provided to foreign clients
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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