Goods and Services Tax
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HC upheld Tribunal’s decision to impose a deposit requirement as part of stay conditions
Procedure for Himachal Pradesh Sadhbhawana Legacy Cases Resolution Scheme, 2023 (3rd Phase)
Key GST Changes from 1st Oct 2023: Implications and Insights
Changes in GTA Taxation: Implications for Forward and Reverse Charge
Important GST Law Changes Effective from 1st October 2023
Section 129 of CGST Act: Detention, Seizure & Release of Goods in Transit
Changes in GST notified: No IGST on Ocean Freight in CIF Contracts
Kerala HC Allows Instalment Payment of KVAT Dues Due to Financial Constraints
जीएसटी एक्ट 2017 में 1 अक्टूबर 2023 से नए प्रावधान के संबंध में
Notification No. 14/2023-Integrated Tax (Rate) Dated: 29th September, 2023
CBIC Amends GST rate on betting, casinos, gambling, horse racing, lottery & online money gaming
Notification No. 11/2023-Union Territory Tax (Rate) Dated: 29th September, 2023
CBIC Empowers Officers for Online Money Gaming Registration
CBIC Notifies Online Money Gaming as Taxable Goods wef 1st 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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