Goods and Services Tax
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Refund of Balance in Electronic Cash Ledger- Some Queries & Suggestions
Situations in which ITC can be recovered from purchaser : Calcutta HC
Rule 88D & Form DRC-01C the manner of Dealing with Difference
GST Notification: Appointment of Common Adjudicating Authority for United Spirits Ltd
GST Council Newsletter for the month of July 2023
Notification No. 39/2023-Central Tax: Amendments to Notification No. 02/2017
Only suppliers can initiate the advance ruling process not recipient: AAAR
Appeal for GST Amnesty for year 2017-20: Penalties, Interest & ITC
GST on Material Costs and Supervision Fees when customer bears all costs
Rule 88D & Form DRC-01C: Dealing with differences of ITC in GSTR-2B vs GSTR-3B
आभूषण, सोने, चांदी, कीमती पत्थरों आदि के अंतर-राज्य परिवहन के लिए ई-वे बिल के नियम
Ineffective Notification No 29/2023 (Central Tax) Dated 31st July 2023: A Comprehensive Analysis
Equilibrium between GST & Personal Income Tax Contributions to India’s GDP
Deposit Full Tax Demand due to Non-Constitution of GSTAT: Orissa HC
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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