Goods and Services Tax
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UTGST Notification on Continuation/Exercise of RCM/FCM Option by GTA
IGST Notification on Continuation/Exercise of RCM/FCM Option by GTA
Continuation of RCM/FCM Option: Filing Annexure-VI for GST Compliance by GTA
Validity of Sales Tax Department’s Charge: Bombay HC Ruling
Reimbursement of GST on differential amount of price variation of steel allowed
Bihar VAT Refund Application Rejected Without Basis: HC imposes cost on Officer
IGST on Loan by Citibank to Credit Card Holder – Calcutta High Court Judgment
Taxability of Intermediary Services remain in limbo
GST Council Decisions – Summary of GST notifications dated: 17th July 2023
Delhi HC: Personal Hearing for GST Show Cause Notices Regardless of Opting
Declarations to be filed by taxpayers specifically exempted from e-invoicing
New Functionality for e-Invoice Exemption Declaration Now Live on GSTN
CGST Lucknow Zone: Fake ITC Racket Busted, Rs.750 Crores Scam
Person summoned u/s 69 of CGST Act, 2017 cannot invoke section 438 of Code of Criminal Procedure
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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