Goods and Services Tax
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Input tax credit on inward supply of motor vehicle used for demonstration purpose
Persons Liable to pay tax in certain cases under GST
CBIC simplifies Procedure for E-commerce Operators & Unregistered/Composition Taxpayers
Bombay HC Directs Defect Memo to Rectify GST Procedural Errors
Cash Cannot Be Seized Without Official Seizure under CGST Act: Delhi HC
Illegal Adjustment Not Permitted for Non-Availability of GST Form on Portal
ITC cannot be denied to recipient without proper investigation of supplier
50Th GST Council Meeting: New Rules for E-commerce Operators & GST Registration
CBIC Notifies Rule 88D for Dealing with ITC Differences
Shahil Traders Vs State of U.P.: E-way Bills and Goods Ownership
ITC disallowed on major repairs to the Housing Societies
Rule 88D: A new regulation for dealing with GSTR-3B v GSTR-2B differences
Technical objections should not obstruct substantive justice under GST laws
GST: RCM Liability Under Section 9(3) Irrespective of Supplier Turnover
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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