Goods and Services Tax
Log in to FollowGoods and Services Tax India: Read all latest GST news, articles, notification, circulars, case laws news on, MVAT DVAT PVAT GST GSTN IGST CGST GST Council GST Rates SGST GST Forms GST Rules.
Builder Liable for Profiteering Due to Failure to Pass ITC Benefit Under GST
Fractional Ownership Platforms (FOPs) and GST Products, Services, or Neither? A Critical Examination
Section 16(2)(c) of CGST Act: Supplier default dilemma
No ITC Denial Without Verifying Transaction Genuineness: HP HC
Bombay HC GST Quashed Refund Rejection for Ex Parte Order Without Hearing
GST Registration Cancellation Set Aside Due to Vague Show Cause Notice
Interest on GST Refund After Appeal: Legal Position under Section 56 & Judicial Developments
Filing GST Appeals in ‘NIL’ Demand Cases: Systemic Hurdles & Legal Rights
Inverted Duty Structure under GST: Refund Calculation & Practical Issues
Telangana HC Allows Delayed GST Appeal: Emphasis on Fair Opportunity to Taxpayer
GST Implications on Buy Back of Shares
Telangana HC Permits Appeal Against Ex-Parte GST Order – Relief from Bank Attachment
One Notice, Many Years: The GST Time Trap
Section 16(2)(c) of CGST Act: The supplier default dilemma
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.
At Taxguru, we provide all the latest GST news to our viewers. Our group of expert keep a close check on all the latest developments and provide a comprehensive analysis on GST updates. We keep updating our portal with articles on GST for the enlightening our readers. Bookmark us for all the GST articles and much more on GST.
