Goods and Services Tax
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Karnataka HC Sets Aside GST ITC Blocking Due to Absence of Pre-Decisional Hearing
Section 10, 11 and 12 of CGST Act, 2017
Is IMS a Boon or a Bane for Taxpayers?
GST ITC as a Vested Right: Why Bona Fide Purchasers Should Not Lose Credit
Day-to-Day GST Compliance for Service Providers: Invoices, ITC, Returns & Common Mistakes
Bombay HC Allows Reconsideration of Manual GST Appeal Due to Missing DRC-07 on Portal
GSTN Introduces Mandatory Annexure-B Offline Utility to Automate ITC Refund Verification
Gauhati HC Quashes GST Cancellation as Order Lacked Reasons Under FORM GST REG-19
Bombay HC Quashes GST Order as Proceedings Were Initiated Against Amalgamated Entity
Tax Deposit During GST Raid Cannot Automatically Be Treated as Voluntary: Bombay HC
GST ITC Cannot Be Denied Solely Due to NGTP Supplier Tag
GST Department Audit under Section 65: Common Audit Issues
Curbing India’s Cash in Circulation Surge Through Pragmatic GST Reforms
Invoice Management System (IMS) Explained: How to Reconcile ITC
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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