Goods and Services Tax
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7 mistakes to avoid while filing GST returns
Analysis of Guidelines for Special All-India Drive against fake GST registrations
जीएसटी एक्ट में अकाउंट्स एंड डॉक्युमेंट्स की समीक्षा भाग 9
Concept of Reverse Charge Mechanism (RCM) under GST law
GST: Deeming fiction of 70:30 formula attributable to construction service & land cost applies only when bifurcation is not provided
Section 15 of the CGST Act 2017: Value of Taxable Supply
Medicated talcum powder is classifiable in the category of cosmetics
Date extended for exercise of option by GTA to pay GST under forward charge
Filing of Writ due to expiry of period of filing appeal is abuse of process of Court: HC
Time limit to opt for FCM for Transporters extended till 31.05.2023
Time limit to opt for Forward Charge Mechanism for Transporters extended till 31.05.2023
GST in India: Everything We Need to Know
GST evasion on acquisition of compulsorily convertible debentures detected
Rule 5 of Cenvat Credit Rules cannot be invoked to sanction refund of unutilized Cenvat credit
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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