Goods and Services Tax
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Bulk Cement Sales with Own Transport: Composite or Not? AAR Application Withdrawn
GST Exempt on COVID Awareness Services in Partnership with UNICEF
ITC on GST for JCB Vehicle Repairs & Purchase in Business Operations
GST on Factory Building Repairs: ITC Availability & Capitalization Rules
Extended GST Amnesty: Easier Reporting & Relief for Non-Filers
GST Amendments: Streamlining Compliance & Recovery
Online Gaming, Horse Racing & Casinos to Join Schedule III of CGST Act, 2017
GST Clarification: Reverse Charge Mechanism for Director Services
GST Procedures for Exempted Small Suppliers via E-commerce Operators
GST Composition Scheme: Simplified Tax for E-commerce & Small Suppliers
Exemption from GST Registration for Small E-commerce Sellers
CGST Navi Mumbai Cracks Down on Rs 5 Crore ITC Fraud
Illegal ITC Availment Arrest: CGST Navi Mumbai Cracks Down
Extension of Due Date for GSTR-7 in Manipur (Apr-Jul 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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