Goods and Services Tax
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Allahabad HC Upholds GST Penalty on Bogus Transactions
India’s GDP Growth and GST Amendments FY 2024-25
GST on Hostel and PG Accommodation services
Madras HC Clarifies Jurisdiction in GST Adjudication Orders
Bombay HC permits GST return rectification after statutory deadline if no revenue loss
Is ITC exempt for transportation of women employees?
GST Authority Must Consider Rectification Application for GSTR-1 Errors
CGST Act Excludes Limitation Act for Appeal Delays: Kerala HC
Detailed GST Notice Issuance with 3 Response Opportunities Meets Natural Justice Requirements
GST formations must focus on fake GST registrations: Revenue Secretary
GSTR-2A/2B vs Books Reconciliation Tool
Opportunity to contest tax demand Shouldn’t be denied due to Accountant’s Negligence
Show Cause Notice not issued in proper form is void in nature: Kerala HC
Bail Granted in ₹15.58 Cr GST ITC Fraud Case: Gujarat 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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