Goods and Services Tax
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Notification No. 17/2023-Union Territory Tax (Rate) Dated: 19th October, 2023
Notification No. 16/2023-Union Territory Tax (Rate) Dated: 19th October, 2023
Notification No. 15/2023-Union Territory Tax (Rate) Dated: 19th October, 2023
Notification No. 14/2023-Union Territory Tax (Rate) Dated: 19th October, 2023
Notification No. 13/2023-Union Territory Tax (Rate) Dated: 19th October, 2023
Notification No. 12/2023-Union Territory Tax (Rate) Dated: 19th October, 2023
Calcutta High Court GST Judgment: Works Contracts Pre and Post GST
UAE VAT-201 Return Vs India GSTR-3B Return
New Advisories From GSTN on Various Compliance Issues
Rajasthan HC Calls for Mechanism aligning Supplier’s Credit Note with ITC Reversal
DGGI Uncovers ₹57,000 Cr Fake ITC Cases, 500 Arrests
SC Urges Rajasthan HC for Urgent Relief in Perishable Goods Confiscation under GST Act
ITC cannot be denied solely due to GSTR 2A & 3B discrepancies: Kerala HC
HC Grants Stay on GST Demand with 20% Deposit Amid GSTAT Non-Constitution
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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