Goods and Services Tax
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New Functionality for e-Invoice Exemption Declaration Now Live on GSTN
CGST Lucknow Zone: Fake ITC Racket Busted, Rs.750 Crores Scam
Person summoned u/s 69 of CGST Act, 2017 cannot invoke section 438 of Code of Criminal Procedure
Taxability of services between distinct persons: What is the way forward: ISD or cross charge?
WBGST Act: HC Dismisses Premature Appeal Against Preliminary Report
SC Confirms Allahabad HC Verdict on GST Goods Detention: Sleevco Traders Case
No bar for prosecution under IPC merely because GST law prescribes punishment
Request for Lower GST Interest Rate – Business Concerns
Non-Constitution of GSTAT: Orissa HC Directs Payment of Entire Tax Demand
Rajasthan HC: State Must Issue ‘C’ Form for High-Speed Diesel Procured for Mining in Inter-State Trade
Fake invoices & ineligible ITC: Bail Application Rejected by Sessions Court
GST: Investigating Another Assessee’s Records Doesn’t Equate to Proceedings Against Petitioner
Kerala GST: Generation and quoting of a unique Reference Number (RFN)
Orissa HC Directs Approaching AO for Tax Dues Dispute
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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