Goods and Services Tax
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Analyzing the taxability of online gaming vis-a-vis Finance Bill, 2023: A conspicuous intention with poor implementation
30-Day E-Invoice Deadline for GST: New Rule from November 1
In contract for transfer of right to use goods, taxable event is execution of contract: Kerala HC
High Court upheld Tribunal’s decision to remand the matter for redetermination
Seizing authority to establish by evidence that e-way bill was reused: Allahabad HC
GST Council Newsletter for the month of August 2023
Anti-Profiteering Rules not applies When No Tax Reduction or ITC Increase
HC Quashes Order Cancelling GST Registration Beyond Notice Scope
Madras HC Directs Delay Condoning and Merit Hearing in GST Appeal
GST Case Law Compendium – September Edition
India’s Online Gaming Landscape: Growth, Regulations and Opportunities
Understanding GST Liability: Exclusion of Government Subsidies
GST AAR Karnataka Ruling: E-commerce Operator Status & Tax Liability Clarified
Classification of Film Distribution Rights: GST AAR Karnataka
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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