Goods and Services Tax
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No GST on Machinery Transportation from JNPT to Factory: Bombay HC
VAT refund by alleged forged documents: P&H HC Grants Bail
R.O. Permeate in Effluent Treatment Plants falls under CTH 2201: AAR’s Ruling
GST Applicability on Retrospective Rent Hikes: MTC Case Ruling
GST Valuation on Deposit Contribution Works (DCW) under Self-Execution Scheme
Input Tax Credit eligible on Contract Staffing Services: AAR Tamilnadu
Construction Services: GST Rate Clarification for Residential Flats by AAR Tamil Nadu
GST Exempt on Insurance Services Fully Funded by Govt for its Employees
53rd GST Council Meeting: Impact Analysis by ICMAI
AAAR Rejects Ruling Application on Grounds of Pending Court Decision
GST ITC – Honest Tax Payers Are In Trouble Story
Recipient can claim ITC on exempt services where supplier has charged GST
Corporate Guarantee – An arbitrary provisions in GST
HC overturned decision of Appellant Authority due to late filing of hard copy of Appeal
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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