Goods and Services Tax
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CBIC Chairman’s Weekly Update: Key Highlights for 04.09.2023

Mera Bill Mera Adhikar Scheme: GST Lottery Rewards for Taxpayers

Classification of Geomembrane in GST – A Technical Analysis

Electronic credit reversal and re-claimed statement and its impact

Input Tax Credit Eligibility: A Wake-Up Call for Buyers

GST and Its Implications on Miniing Sector In India

Jac Olivol Body Oil to Fall Under Heading 3304 of Customs Tariff Act

Applicant’s Lack of Interest & absence of relevant records: AAR cannot give ruling

AAR cannot give ruling on Delay in Filing ITC-01 & Availing ITC on Closing Stock

Interest on Delayed Payment against supply of services is includible in supply value

GST on Pre & Post Examination Services to Universities: AAR Ruling

Value & Tax Rate on Wheat to Atta Conversion for Public Distribution

All About ‘Electronic Credit Reversal & Reclaimed Statement’ in GST: Do’s & Don’ts

BPO service provided to overseas client was not an intermediary service
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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