Goods and Services Tax
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Understanding the Impact of GST in India
Union Budget 2024: Section 122A – Penalty for Failure to Register Machines
E-Invoicing in India: Navigating the Hot Topic with Strategic Insight
Assessment of Non-filers of Return under Section 62 of CGST Act
Analysis of changes proposed by Finance Bill 2024 in ISD Mechanism
Average Monthly Gross GST Collection Doubles To Rs. 1.66 Lakh Crore
Non-Filling Part ‘B’ of e-Way Bill Without Tax Evasion Intent: Penalty Inapplicable
Inordinate delay in appeal filing cannot be condoned on wholly vague & generic grounds
GST amendments in Union Budget, 2024
Union Budget 2024: GST Law Amendments – ISD Mandatory, Section 2(61) & 20 Altered
Precedence in Parallel GST Investigations by Multiple Departments
Anticipatory bail of accused involved in fraudulent ITC worth Rs. 200 Crores cancelled: Delhi HC
Authorities cannot transgress boundaries of Show Cause Notice: Allahabad HC
Kerala HC Grants Extension for CGST Appeal against Orders passed u/s 73/74
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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