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.
GST on Pooja Oil Fixed at 5% Due to Classification as Inedible Vegetable Oil Mixture
GST Applicable on Canteen Charges as Salary Deduction Qualifies as Consideration
Employee Facility Recoveries Taxable Under GST as Qualifies as Supply of Services
Printing Treated as Service When Content Not Owned: AAR Imposes 18% GST
GST Applies on Employee Transport Due to Nominal Charges Recovered: AAR Maharashtra
GST applies on Subsidized Canteen & Transport Recoveries: AAR Maharashtra
GST on Employee Canteen Recoveries Upheld as Taxable Due to Consideration Element
No Ruling on ITC Claim for Commercial Property Used for Leasing After Withdrawal
No Ruling on GST Rate on Hair Bands & Beads After Applicant Withdraws Plea
No Ruling on GST on services to municipal corporation After Applicant Withdraws Plea
No Ruling on GST on Sale of Plot After Applicant Withdraws Plea
No GST Ruling on Vitrification Straw Classification After Applicant Withdraws Plea
No GST Ruling on Chikki vs Sweetmeat Classification After Applicant Withdraws Plea
GST Payable on Free Flats as They Constitute Exchange for Development Rights
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.
