Goods and Services Tax
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Comprehensive Guide for VAT Registration & Filing in UAE
Updated Detailed Analysis of Invoice Management System (IMS)
TDS on Metal Scrap under GST from October 2024
Calcutta HC Allows 10% Pre-deposit for GST Appeals Amid Tribunal Delay
GST Update for Metal Scrap Buyers: New Registration Rules
Validation of Bank Account Details in Non-Core Amendment in GST
Circular 183/15/2022-GST to be followed for benefit of ITC when wrong GSTIN declared
Cost of fuel borne by service recipient could not be subjected to GST for GTA service
MP HC allows ITC benefit on commercial property
Packing Material supplied for Honey Bees is Composite Supply: Madras HC
GST Section 83: Provisional Bank Account Attachment order Valid for One Year
जीएसटी हार्ड लॉकिंग व इनवॉइस मैनेजमेंट सिस्टम पर महत्वपूर्ण अपडेट
‘Vanilla Mix’ Ice Cream Falls Under Heading 2106 90 99 with 18% GST: AAR Rajasthan
Sewer system project for Bikaner Nagar Nigam is taxable under GST: AAR Rajasthan
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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