Goods and Services Tax
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Clarification on GST Treatment for MNCs issue ESOP/ESPP/RSU to their Indian Subsidiaries’ employees
जीएसटी एक्ट के इतिहास की व्याख्या
7 Wonders of the GST World
HC Directs Re-adjudication of E-way Bill Generation by Job Worker Based on Transaction Value
Delay in GST appeal filing due to illness: HC directs appellate authority to hear case on merits
Madras HC Grants Hearing for GSTR 1 and 3B Mismatch Dispute
Classification of non-woven fabrics & PPSB Bed Sheet: HC directs appellate authority to readjudicate
CBIC Clarification: ITC Time Limit on RCM Supplies From Unregistered Persons
GST Conundrum Solved: Stock Options from Foreign Affiliates Get GST Relief
To Appeal or Not to Appeal: CBIC Sets Limits for GST Appeals by Department
Legal heirs can be adjudicated for act or omission of deceased taxpayer
Fair Play: Equal GST Treatment for Domestic and Foreign Affiliate Services
Summary of Clarifications/Circulars issued by CBIC on 26 June 2024
Circular Simplified: ITC availment Time Limit on Supplies from Unregistered Persons
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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