Goods and Services Tax
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Input Tax Credit on Ducts & Manholes Used in Optical Fiber Cable Networks
GST on Loans Provided by Overseas Affiliate to Indian Affiliate or Related Persons
ITC Entitlement for Insurance Companies on Motor Vehicle Repair Expenses under Reimbursement Claims
GST liability and ITC Clarifications for Warranty/ Extended Warranty
GST on Salvage/Wreck Value in Claim Assessment of Damaged Motor Vehicle
Requirement to Reverse ITC for Life Insurance Premium Portion Not included in Taxable Value
GST on ESOP/ESPP/RSU provided through overseas holding company
Mechanism for providing evidence of compliance under Section 15(3)(b)(ii) of CGST Act
Time Limit under Section 16(4) of CGST Act for RCM Supplies from Unregistered Persons
Valuation of Imported Services by Related Party- Full ITC Eligibility: CGST Circular
GST: Clarifications on special procedure for specified commodity manufacturers
Bombay HC Sets Aside MVAT on Vehicle Registration, Handling & Insurance Charges
Monetary limits for filing appeals by Department before GSTAT, HC & SC
Big Relief to GST Taxpayers by relaxing condition of Section 16(4)
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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