Goods and Services Tax
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Circular No. 227/21/2024-GST: New Procedure for CSD Refund
Mechanism for Refund of Additional IGST Paid on Price Revision Post-Exports
Clarification on Corporate Guarantee Services: GST Circular No. 225/19/2024
Guidelines for Recovery of Outstanding Dues Post First GST Appeal
GST SCN & order uploaded in wrong section of GST portal: HC directs readjudication
Detailed Analysis of Circular No. 193/05/2023-GST Dated 17th July,2023
Reconstituted membership of Group of Ministers (GoM) on GST System Reforms
GST On Extra Neutral Alcohol (ENA)
Clarifying Compliance: Challenges & Solutions in GST Input Tax Credit Reversal
Inverted Duty Structure and refund of ITC
Rajasthan Budget 2024-25 Tax Proposals
Kerala HC Quashes Late Fee for GSTR-9C Filing Delay
Proper officer Provisions amended for GST Registration & Composition Levy
No provision for Appeal against IGST order before U.P. GSTAT: HC Admits Writ
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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