Goods and Services Tax
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Rectification Timelines for GSTR-1 Errors: Section 37(3) & First Proviso Explained
Addressing Non-Compliance: Impact on Tax System Respect
Kerala HC Directs Correction in GSTR-3B via Appellate Authority under Section 107
GST Rule 25: Transparency & Efficiency in Physical Verification Reports
Madras High Court Allows Late Statutory GST Appeal Due to Employee Turnover
No Interest or Penalty for Unutilized Excess Input Tax Credit Claim
HC Directs Pursuit of Appellate Remedy in GST Registration Cancellation Case
No suspension of License issued to Customs House Agent in case of verification of genuineness of IEC as well as GSTIN
Enhancing GST Administration: Creation of State Co-ordination Committee
Extension of time limit for application for revocation of cancellation of GST registration granted
Union Finance Minister Launches 12 GST Seva Kendras in Gujarat
गुड्स एंड सर्विस टैक्स सेंट्रल मेरठ की इंटेलिजेंस (DGGI) ने बड़ा फर्जीवाड़ा पकड़ा
DGGI Meerut Busts Rs. 1,481 Crore Fake Invoice Syndicate
India’s Finance Ministry Pushes for Universal GST Registration
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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