Goods and Services Tax
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GST Amnesty Scheme From April 2023
Input Tax Credit for Machinery Foundation and Structural Supports
GST on reimbursement received from NEEM Trainer towards Stipend & other expenses
CBIC amends Notification No. 14/2018- Union territory Tax
CBIC rolls out Automated Return Scrutiny Module for GST returns
GST Case Law Compendium – May Edition
Electronic Invoice (E-Invoice) under GST – Benefits & Process of E-Invoicing
Quick Start Guide to e-invoicing under GST
Inverted Duty Structure under GST – An Overview
कर निर्धारण वर्ष 2017-18 के संदर्भ में जीएसटी धारा 73 की समीक्षा
5 New Functionality on GST Portal
Composition Scheme Under GST – A Boon to Small & Medium Scale Enterprises
How to Effectively Handle a Show Cause Notice in GST
Section 107 of GST- 4 Months may be 121 or 122 days – HC
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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