Goods and Services Tax
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Can We Take Input Tax Credit (ITC) on Cars under GST in India?
Calcutta HC stays Recovery without Pre-Deposit Amid GSTAT Non-Constitution
DVAT: Coconut Oil sold as Hair Oil cannot be classified as Edible Oil
E-Way Bill Changes: Mandatory e-Invoice Link from March 2024 – Advisory Withdrawn
Mere absence of GSTIN should not warrant GST exemption denial: Karnataka HC
SC Directs 6% Interest on JVAT Act Refund: Jharkhand vs Kirloskar
Revenue to do proper Seizure Before Taking Assets Found during GST Search Proceedings
High gives Relief for Delayed GSTR-3B return Filings & ITC Claims
Kerala High Court Grants Relief: GSTR-3B Return Rectification Allowed
GST: Madras HC directs re-adjudication as order uploaded was not detailed
Calcutta HC set aside Show Cause Notice issued Without Due Application of mind
Bombay HC allows Rectification of GSTR-1 Post due-date: A Landmark Ruling
Dept Disallows ITC in GSTR-3B for invoices not figuring in GSTR-2A
GST & seconded employees: Conundrum of control, supervision & costs- Part I
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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