Goods and Services Tax
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Classification and GST Rate for Solar Home Lighting System
Hostel accommodation services exempted from GST from August 2021 till July 18, 2022
Shifting of Transmission Lines for NHAI classified under Service Head 998631, 18% GST
Summary of GST Circulars Issued on 17.07.2023
Cross charge vs ISD – important action pointers for businesses
Provisions of section 56 of CGST Act mandates payment of interest in case of delayed refund
Circular on Taxability of the Services from HO to Branches
Analysis of 9 GST Circulars issued by CBIC on 17th July 2023
CBIC issues 9 Notifications extending deadlines for GST Forms & Amnesty Schemes
Clarification on Input Tax Credit (ITC) Differences in GSTR-3B & GSTR-2A
GST: Taxability of Inter-State Office Services Clarified
Clarification on Taxability of Services between Distinct Offices under GST
Clarification on Applicability of E-Invoice for Supplies to Government Departments
Clarification on GST Refund Issues: CBIC Circular 197/09/2023-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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