Goods and Services Tax
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Allahabad HC Reduces GST Penalty from Rs. 56 Lakh to Rs. 10,000
GST registration Document List
12 New Features on GST Portal: Registration, Aadhaar Authentication, Refunds & Payments
No profiteering if Pre GST tax rate was Lower than Post GST Era: CCI
No ITC on Solar Panel Goods/Services for Installation: AAAR Tamil Nadu
GST Revenue Hits Record High: ₹1,67,929 lakh in November 2023
Kerala HC Dismisses Writ Against GST Dues Recovery Notice
KVAT: Kerala HC Directs 10% Penalty Deposit to Stay Recovery
Transaction Authenticity Unquestionable if E-Way Bill Not Cancelled in Time: Allahabad HC
Penalty under GST Not Automatic, Requires Evaluation: Calcutta High Court
SCN not mention delayed payments or specify alleged non-existent dealer: HC Set-aside order
GST Interest/Penalty Waived for Delayed GSTR-3B After GSTN Cancellation
GST payable under FCM on Residential Dwellings Leased for Commercial Use
GSTN Advisory: Two-factor Authentication for Taxpayers
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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