Goods and Services Tax
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ITC Reversal due to Supplier’s Tax Default: Recipient’s Challenges

Excess ITC availment can restrict filing of GSTR 1

Process Flow For Issuance of SCN under GST & Requirements Thereof

VAT Exemption for Inter-State Goods Sale: Patna High Court Ruling

ITC not eligible on services received in the form of transfer of rights in leasehold land owned by GIDC

GST applicable on works contract service by land owner to prospective purchasers of apartments

GST on amount employees portion of canteen charges & ITC on canteen facility

GST Implications on Gold Coins & White Goods Incentives

Monitoring IGST ITC Reversal: GSTR 3B SOP Guide

E-Commerce Operators under GST: Guidelines, Compliance & Notifications

Seizure memo in GST MOV-06 not sustained as authority failed to record finding on submission by petitioner

Input tax credit (ITC): Conditions, challenges & Compliance in GST

Levy of tax on milk cream sustained as milk cream & milk are different product

TNGST: Two wheeler fan belts attracts 5% tax & tractor fan belts attracts 3% tax
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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