Goods and Services Tax
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HC set-aside demand order: Non adherence to 30-day period stipulated under Section 61
Denial of Credit Under KVAT Act Due to Non-Registration Unjust: Kerala HC
Penalty Conundrum: Diverse Views on Different Sections of CGST Act, 2017
GST Portal Update: GSTR-1A as a Revision Tool in GST realm
Live Course: Analysis of Input Tax Credit from a Litigation Perspective
Time of Supply of Goods and Services Provisions under GST: Detailed Analysis
Budget Update: Highlights of Key Changes in GST for FY 2024-25
Detailed Manual and FAQs on filing of GSTR-1A
GST Registration: Biometric Aadhaar Authentication for J&K & West Bengal
Advisory in respect of Changes in GSTR 8: TCS Rate reduction wef July 10, 2024
Manual | Form GSTR-1 Creation & Submission of Outward Supplies Return
Seat Covers Classifiable as Accessories Under HSN 8708 & not as Seats Under HSN 9401
GST AAAR Upholds Ruling on Micronutrient Fertilizer Classification
GST AAAR Andhra Pradesh Ruling on Composite Supply for Carbon Credits
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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