Goods and Services Tax
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Madras HC allows Transition of Unutilized VAT Credit to GST regime
No recovery proceedings initiation within 3 months of issuance of Order
Ineligibility of Scrap Dealers for GST Margin Scheme: AAR Rajasthan Ruling
18% GST on ‘Momylac’ Milk Food & Milk for Babies: AAR Rajasthan
GST Applicability on Supervision Fees for MVVNL Projects
Sleeping Bag Mk4 Large: HSN 9404 30 90, 12% GST Apply
GST Ruling on Taxability of Residential Units in Saviour Park Phase IV
EDF Thrusters with Battery Pack for Jet Suit: GST Rate, Classification & HSN Code
Honey Bee Feed HSN Code, GST Rate & Classification: AAR Karnataka Ruling
GST Liability on Individual Truck Owners: Karnataka AAR
GST Act मे Recovery of Tax के लिए दिशा निर्देश
Allahabad HC to hear Case on GST Search Discipline & Coercive Tax Recovery
GST on Ocean and Air Freight for Exports: AAR Tamilnadu Ruling
DCW Ltd. Not Liable for GST on Export Freight (FOB Basis) under RCM
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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