Goods and Services Tax
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GST Interest Applies from Tax Due Date to Deposit in Electronic Cash Ledger
Amended Rule 108(3): Appeal Date would be Online Acknowledgment Submission Date
HC quashes attachment order over improper service of SCN & order
HC Sets Aside GST Registration Cancellation Order: Tax Payer to File Returns, Pay Dues
Calcutta HC stays Reversal of ITC for closure of Supplier’s business
Mismatch between GSTR-3B & auto-populated GSTR-2A: HC directs reconsideration
Guideline about conduct of GST Audit-reg
HC allows filing of Revised GSTR-3B Return to correct error in filing
GST Law Doesn’t Require Transporters to Adhere to Specific Route Map
Classification of Debarked Eucalyptus wood under GST: AAR allows Application withdrawal
GST under RCM on legal services: AAR allows Application withdrawal
GST rate on supply to KREIS: AAR allows Application withdrawal
GST rate on works contract services to Govt offices: AAR allows Application withdrawal
ARN/RFD-11 LUT Invoice Guidelines: AAR allows Application withdrawal
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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