Goods and Services Tax
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Tax Invoices, E-way bills & Goods Receipts are not sufficient proof to avail ITC
GST Exemption for Printing Examination Question Papers
GSTN issued advisory related to changes in GSTR-5A
Clarification on taxability of personal & corporate guarantee in GST
Clarification regarding determination of place of supply in various cases
CBIC clarifies conditions for export of services under IGST Act 2017
CBIC Notification: Eligible Registered Persons for IGST Route Refunds
Central Goods and Services Tax (Fourth Amendment) Rules, 2023
Impact of GST on India’s Real Estate Sector: An In-Depth Analysis
GST Assessment Order is void when Notice is not served: Madras High Court
Allahabad HC Allows Cumulative GST Credit for Feb-Aug 2020
GSTN enables New Registration functionality for IRPs
Jharkhand VAT Act: No Reassessment of Reassessment Orders Allowed
GST refund rejection due to clerical error: HC directs de novo adjudication
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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