Goods and Services Tax
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Delhi HC Rules Against Retrospective GST Registration Cancellation
No Interest if GST Amount in Electronic Cash Ledger Equals Tax Due: Madras HC
Calcutta HC directs SGST Authority to Await CGST Adjudication
GST Scrutiny & Assessment: Live Course with complete Practical Filing
GST demand Order Invalid if SCN Reply Ignored: Madras HC
Draft Reply on DRC-01 for FY 2018-19 for Non Issuance of e-invoice
GST AAR: Classification of Printed Educational Materials – West Bengal Ruling
ITC admissible on Sale & Buyback Transactions via Book Adjustments: GST AAR West Bengal
GST Exemption for Dredging Services: AAR Ruling on Najafgarh Drain Project
GST exempt on Dredging Services in Najafgarh Drain: AAR West Bengal
GST AAR West Bengal: Exemption for Upfront Lease Premium Clarified
GSTN Advisory: Urgent Submission of Bank Details to Avoid GSTIN Suspension
Payment of Interest can be made in installments: Madras HC
Commissionerate with Highest Demand Holds Jurisdiction to Adjudicate Connected SCNs
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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