Goods and Services Tax
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Weekly newsletter from Chairman, CBIC dated 03/06/2024
GST implications on canteen and transport services to employees
‘Mix Mukhwas’ & ‘Roasted Til & Ajwain’ falls under HSN Code 12074090
Nominal Salary Deductions for Canteen Services Not Considered ‘Supply’ & ITC eligible for Statutory Obligations
GST on ZLD treated water (RO) from Gujarat Eco Textile Park
GST Not Exempt for Building Plans & DTP Services to Gujarat R&B Department
ITC on GST for Plant, Machinery & Installation Services: AAAR Gujarat Ruling
AAAR Gujarat ruling on classification of Various Mix & Instant Mix flour
May 2024 GST Collection Hits ₹1.73 Lakh Crore, 10% Growth
Essential Guidelines for Accurate Filing of GSTR-9 and GSTR-9C: Safeguard Measure for GST Departmental Audits
GSTR-2B vs GSTR-3B: Is Buyer Responsible for Supplier’s Conduct?
AAAR set-aside Rajasthan AAR Ruling on GST for Canteen Services in Federal-Mogul Case
GST AAAR Rajasthan Remands Case for New Ruling on Canteen Subsidies
Input Tax Credit (ITC) Regulations: Insights and Legal Perspectives
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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