Goods and Services Tax
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Cash, Bullion, Jewellery Are Not Goods So Not Liable for Confiscation/Seizure Under GST
ICAI representation on Mass GST Notices: Unfair Treatment of Taxpayers
UAE VAT Reverse Charge Mechanism on Electronic Devices
Notification No. 20/2023-Central Tax (Rate) Dated: 19th October, 2023
Notification No. 19/2023-Central Tax (Rate) Dated: 19th October, 2023
Calcutta HC set aside GST appellate order for lack of due process
New Tax Rate on Millet Flour: Notification No. 18/2023-Central Tax (Rate)
Notification No. 17/2023-Central Tax (Rate) Dated: 19th October, 2023
Notification No. 16/2023-Central Tax (Rate) Dated: 19th October, 2023
Notification No. 15/2023-Central Tax (Rate) Dated: 19th October, 2023
Notification No. 14/2023-Central Tax (Rate) Dated: 19th October, 2023
Notification No. 13/2023-Central Tax (Rate) Dated: 19th October, 2023
Notification No. 12/2023-Central Tax (Rate) Dated: 19th October, 2023
Notification No. 23/2023-Integrated Tax (Rate) Dated: 19th October, 2023
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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