Goods and Services Tax
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18% GST on Differential Dealer Margins for Petroleum Products: AAR Kerala
GST Rate on KLDC Contracts: AAR Kerala Ruling
No Ruling for Questions Outside Purview of Section 97(2) of CGST Act: AAR Kerala
AAR Rejects ITC Claim Queries due to Pending Proceedings & Jurisdictional Limits
ITC on Input Services for Leasing/Renting Motor Vehicles for Women’s Safety
Place of Supply for R&D Services in Pharma Sector: Location of Recipient in Non-Taxable Territory
Grant from Food & Agriculture Organization of UN is not a supply: AAR Ruling
GST Registration – Issues & Challenges
Insertion of section 74A: One more positive effort of government to reduce the litigation and incentivizing the taxpayer
Penalizing Genuine Taxpayer in the name of simplification of GST: Budget 2024
Gujarat HC set-aside GST order for Lack of reasons for imposition of penalty
Changes in GSST after GST Council Meeting held on 22nd of June, 2024
Andhra Pradesh HC dismissed writ against order cancelling GST registration due to availability of alternative remedy
Initiation of proceedings against non-existing company impermissible: Karnataka 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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