Goods and Services Tax
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GST Return Outward Supplies
Form GST SRM-II is now available on GST portal: GSTN
CBI Arrests Sales Tax Officer Accepting Bribe
Constitutional Validity of section 16(4) read with section 16(2)(c) CGST Act, 2017
CBIC Guidelines for Initiation Recovery of Proceedings under GST
Kerala HC Extends ITC Deadline to November 30 with effect from July 2017
Whether ITC related to HVAC System, Lift and others is eligible?
Demand Recovery Proceedings under GST
Transit Sales Exemption Eligible Only if Sale Occurred in Transit: Kerala HC
IGST Amendments Limiting Zero-Rated Supply to SEZ for Authorized Operations
Improper uploading of SCN on GST portal: Delhi HC directs re-adjudication
Delhi HC Quashes GST SCN: No Reply Opportunity Granted
Clarification on Place of Supply of Goods to Unregistered Persons under IGST Act
Non-Continuation of Business: Delhi HC directs GST Registration Cancellation from SCN Date
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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