Goods and Services Tax
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Rule 88D: Bridging ITC Discrepancies Between GSTR-3B and GSTR-2B
CBI Nabs CGST Superintendent in Bribery Case
Understanding Rule 88D of CGST Rules: ITC Mismatch Between GSTR-2B & GSTR-3B
Partial Modification to Group of Ministers (GoM) on GST System Reforms
GST Case Law Compendium – August Edition
Services under Reverse Charge Mechanism (RCM) updated till 20-08-2023
HC Directs Uninfluenced Evidence Decision in Trial Court’s GST Fraud Case
Weekly Insights from CBIC Chairman: Transformative Moves & Major Busts
Place of supply in case of sales to unregistered person – Amendment
Input Tax Credit Not Allowable If Tax Not Paid Actually to Government: Patna HC
GST departmental audit (under section 65) – Legal Provision & Checklist
What tax procedures should I follow as an IT freelancer providing services to foreign clients?
ITC Ineligible for Purchasing Dealer if Selling Dealer Fails to Pay to Government
GST Ruling on Tobacco Pre-Mixed with Lime: Kasar Industries Case
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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