Goods and Services Tax
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Life tax to be collected on the net invoice price of the vehicle and not ex-showroom price: AP HC
Cash Credit Account Not Provisionally Attachable under GST: Calcutta HC
CBIC Chairman’s Weekly Update: GST Anniversary and Customs Operations
SCN issued without issuance of DRC-01A is valid where entire tax amount is disputed by taxpayer
Celebrating 6th GST Day: A Milestone in India’s Economic Progress
GST Implications for Electric Vehicle (EV) Charging Stations in India: Need for Clarity
Motor Vehicle Tax exempted on motor vehicles deployed to Central Deposit Yard Premises
GST: Penalty Only for Quantity Shortage, Not Entire Consignment
Gearing up for E-invoicing in the 7th year of GST regime
‘DRC-01B’ under GST – A tool or Weapon?
‘Composite Supply’ under Health Care Services with reference to a Case Law
Non-Cooperation during Assessment Leads to GST Rectification Rejection
Personal Hearing Cannot Be Denied Without Assessee Confirmation
Validity of GST Refund Applications Pre-Policy for Unregistered Persons
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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