Goods and Services Tax
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Taxability of Shares in Subsidiary Company: CBIC Circular 196/08/2023-GST
Clarification on ITC Availability for Warranty Replacement
Clarification on TCS Liability for Multiple E-commerce Operators
Clarification on Input Tax Credit Availment in GSTR-3B and GSTR-2A
Clarification on Charging of Interest for Wrong Availment of IGST Credit – CBIC Circular
Illegal arrest without notice for recovery of GST: HC Grants bail to accused
DRC-01B- Unconstitutional Being an Abuse of Power
GST on services exported but consideration not received
No Coercive Measures for GST Arrears Recovery Amid Writ Petition: Orissa HC
SC Affirms High Court’s Ruling on VAT Levy for Dyeing Units in A.P. Processors
No Fresh GST Refund Application Required After Successful Appeal
Initiation of demand of tax u/s 74 not mandatorily require scrutiny of GST return
GST Refund on Export based on FOB value: A Partial Settlement!
Measures for GST streamlining compliances: 50th GST Council Meeting
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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