Goods and Services Tax
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Notice issued to Revenue Department challenging arrest & summoning powers of GST officials
Synopsis of the Circulars issued post 50th GST Council Meeting
Introducing Electronic Credit Reversal and Reclaimed statement
सीजीएसटी नोटिफिकेशन संख्या 38 दिनांक 4 अगस्त 2023 – मुख्य संशोधन
Electronic ITC reversal and re-claim statement under GST
इलेक्ट्रॉनिक क्रेडिट रिवर्सल और रिक्लेम आईटीसी
Procedure for Release of Provisional Attachment under CGST Act
Writ not maintainable if alternative remedy of appeal filing not availed: Patna HC
Clarification order didn’t reasoned why Senquel-AD Mouthwash is not classifiable as medicament- HC directs re-adjudication
Action against appellate authority order kept on hold till GSTAT is constituted
Investment advisory services to foreign companies qualifies as export of service
New Tab: ITC Reversal & Reclaim Applicable from August 2023 GST Returns
₹1.59 Lakh Crore GST Revenue, 11% YoY Growth in August 2023
Unfathomed GST demands on personal guarantee given by Directors
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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