Goods and Services Tax
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CCI Directs DGAP to Investigate Sanghvi Premises Pvt. Ltd
Striking a Balance between Game of Skill, Game of Chance and Game of GST
Supply of services by Co-venture to the business attracts GST
Input tax credit cannot be claimed beyond the statutory time limit: AP HC
Telephonic Conversation of GST Officer with Assessee cannot be treated as personal hearing
Maharashtra Goods and Services Tax (Amendment) Act, 2023
Weekly newsletter from Chairman, CBIC dated 28/07/2023
Government Proposes Online Audit Mechanism for Streamlining GST Process
Conditions for issuing Credit Note and Reversal of ITC
GST on Old Age Homes & Senior Citizen Services
Allahabad HC Grants One Month for Assessee to Reply to Invalid SCN
SCN Can’t be reissued for Accepted, Finalized First Appellate Authority Order: HC
GST on Renting of Residential dwellings
Understanding the Impact of Circular No. 199: ISD vs. Cross Charge with Valuation in GST
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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