Goods and Services Tax
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Assessee Eligible for ITC on Rooftop Solar System used in Business furtherance
GST: No penalty for mere technical errors lacking any intent to evade tax
Budget 2024: Decoding GST changes – Input Service Distribution ISD
Holding Shares in a Subsidiary by a Holding Company is not ‘Supply of Service
No Penalty for Expired E-Way Bills if no Tax Evasion Intent: Allahabad HC
GST on Transfer of Leasehold Rights, Upfront Premium & ITC Eligibility
Transfer of Leasehold Rights and GST on Noida Authority Allotted Land
Correct HSN Code and GST Rate for Sterilization Reels and Pouches
E-Rickshaw GST Rate Advance Ruling application Withdrawn: AAR Update
GST Exemption on 90-Year Lease Premiums: Conditional and Not Considered Sale of Land
AAR UP Clarifies GST on Printing Services for Educational Institutions
AAR Uttar Pradesh rejects advance ruling filed by Service Recipient
Advance ruling cannot be given on “State Tax Due” Under RIPS Scheme, 2019: AAR Rajasthan
Advance ruling Application Rejected Due to Pending Adjudication by CGST Udaipur
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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