Goods and Services Tax
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CBIC extends Due Date for GSTR-7 Filing in Manipur for April & May 2023
CBIC extends Time Limit to Furnish Form GSTR1 in Manipur for April to May 2023
Crackdown on Fake Invoicing Racket in Scraps Trade: Mastermind Arrested for Issuing Fake Invoices Worth Rs.97.87 Crores
Inter state movement of demo vehicles between distinct persons attracts GST
Delhi HC Allows Operation of Accounts Provisionally Attached for Over a Year under GST Act
No GST is applicable on salary deducted in lieu of notice period
Restrictions on HGO for late payment of GST not imposed as pilgrims registered will be affected
GST Section 74(1) notice invalid if it is vague & lacks crucial information
Allahabad HC: Indian Made Foreign Liquor excluded from Reversed Entry Act 2007
Decoding the Conundrum of Section 16(4) under GST: A Comprehensive Analysis
जीएसटी एक्ट में सप्लायर द्वारा टैक्स ना जमा करने पर सेक्शन 16(2)(c) का जवाब कैसे दें?
Calcutta High Court Allows Filing of GST Appeal After Limitation Period
7 Recent recent updates on the GST portal – June 2023
HC directs dept to reconsider application under Karasamadhana Scheme
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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