Goods and Services Tax
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Perquisites provided by employer to employee under contractual agreement would not be considered as Supply under GST
No Reversal of ITC Despite Supplier’s Non-Existence
Weekly newsletter from Chairman, CBIC, Dated: 18.03.2024
Bail application of accused involved in forged GST registration and fraudulent availment of ITC rejected: Allahabad HC
Order passed outside the purview of show cause notice is unsustainable: Allahabad HC
No Penalty for Vehicle Number Discrepancy if GST E-waybill is Updated After Vehicle Breakdown
Kerala HC Orders Fresh GST Assessment for Deceased Assessee
GST ITC reversal: Taxpayer not to suffer due to default of supplier
GST on Contributions to Housing Societies
ITC is not available in relation to construction of immovable property which is further let out for commercial purpose
Orissa High Court Grants Relief for GST Filing Errors
GST Portal Update: E-commerce Supply Disclosures & GSTR-1 Amendments
CBI Nabs GST, Income Tax Officer and Bank Manager in Bribery cases
Section 16(2)(c) of CGST Act constitutionally challenged before Orissa HC
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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