Goods and Services Tax
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GAAR Gujarat Lacks Jurisdiction Over Madhya Pradesh Supply Issue
R&D services provided to foreign company considered as export of service
Decisions taken in 50th GST Council Meeting held on 11th July 2023
50th GST Council Meeting: Tax Rates, Appellate Tribunal & Compliance Measures
Comprehensive Guide to Restore Cancelled GST Registration
Calcutta HC Annuls Directive for ITC Reversal due to Supplier’s GST Registration Cancellation
Appellate Authority Bound by Show Cause Notice Allegations: Calcutta High Court
Cash Credit Accounts Cannot Be Attached: Calcutta High Court
ITC on Consumer Funded Jobs in Electricity Distribution: AAR Delhi Ruling
Live Webinar on Important Issues in Input Tax Credit and Handling Notices in Case of Fake Invoicing Investigation
CCI drops Anti-Profiteering proceedings against New World Realty LLP
CCI: NCLT Extinguishes Liabilities, Ends Anti-Profiteering Proceedings
Approach to Notices and Litigation Under GST: A Comprehensive Guide
Instruction on Transitional Credit under GST Law – Analysis & Guidelines
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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