Goods and Services Tax
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Impact of GST on Hospitality Sector: A Comprehensive Analysis
Sale of re-possessed vehicles attracts VAT under DVAT Act: Delhi HC
Failure to Notify Form GSTR-2 Supports Petitioner’s Claim for Belated Returns
Recent Supreme Court Judgment on ITC Reversal: Suncraft Energy Case Analysis
GST on Compensation: Liquidated Damages, Trade Settlements & Contract Breaches
Kerala HC Dismisses Writ Petition for Lack of Natural Justice Violation
HC Orders Department to Initiate Cancellation of Petitioner’s GST Registration
Patna HC Grants Stay on GST Demand Amid GST Tribunal formation Delay
HC Grants Stay on GST Demand on Seconded Employees: Mitsubishi Electric Case
Delhi HC Stays GST RCM Demand on Seconded Employees: Metal One Corporation Case
Opportunity of personal hearing u/s 75(4) of GST Act mandatory even if not opted by assessee
Due Date Extension: GSTR-3B Filing for November 2023 in Tamil Nadu Districts
CGST Act 2017: Extension of Time Limit for FY 2017-18 Demand Orders
RCM Applicability on Raw Cotton Purchase from Registered Kacha Arhtia vs. Agriculturist
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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