Goods and Services Tax
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Telangana HC Permits GST Rectification Plea Against Alleged Duplicate Penalty Proceedings
Telangana HC Permits GST Appeal Despite Alleged Defect in Unsigned DRC-07
Telangana HC Disposes GST Summons Challenge After DGGI Agrees to Issue Fresh Notice with Adequate Response Time
Telangana High Court Permits Delayed GST Appeal Despite Unsigned DRC-07
GST in India: A Transformative Reform or Still a Work in Progress?
No Retrospective GST Registration Cancellation Without Proper Hearing: Bombay HC
GSTAT Holds Builder Guilty of Profiteering for Failing to Pass Full ITC Benefit to Homebuyers
Why Section 76 of GST Law Protects Bona Fide Purchasers from ITC Denial
E-Invoicing under GST: Applicability, Legal Framework & Exemptions – A review
GST Notification Amended Due to Reconstitution of Chandigarh Authority Members
Technical Issues in GSTN’s New Annexure-B Utility
GSTN Introduces Automated Annexure-B Utility for GST Refunds
GST Nil Returns: Everything You Need to Know (Without Headache)
GSTAT vs CESTAT: Deciphering Jurisdiction for IGST on Import of Goods
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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