Goods and Services Tax
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CCI directs DGAP to verify claim of Ireo Grace Realtech of passing ITC benefit
Subway franchisee guilty of denying benefit of tax reduction to customers: CCI
Issue of GST on Preferential Location Charges (PLC) not fall under CCI purview
Coaching Service with Goods is Composite Supply & not mixed supply: AAAR
Once demand is reduced, original order cannot sustain: Sikkim HC
GST Appellate Tribunal Benches: Expansion, Criteria and Rising Appeals
Analysis of GST Collections: FY 2022-23 Insights and Reforms
Gujarat HC to examine validity of Notification extending period for proceedings
KVAT: Shipping Document Required for Concessional Rate to Lakshadweep Supplies
Advance Ruling disallowing Exemption for Loading, Unloading Services in Wheat Import Unsustainable
Adjustment of entry tax paid on damaged cement against VAT liability not admissible
Application of GST on Non-Banking Financial Companies (NBFCs) in India
Delhi HC Invalidates GST Circular on Goods Classification Issued by TRU
GST Implications on Section 194R Transactions: Analysis & Benefits
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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