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 Portal Bank Account Validation: What Every Registered Taxpayer Must Do
Input Tax Credit Blockades Under Section 17(5)(a), (aa) & (ab) of CGST Act, 2017
GST Not Applicable on University Statutory Fees: Bombay HC (Goa Bench)
E-Way Bill Enforcement & Need for a Practical Mechanism to Protect Small Traders
Advisory on pre-deposit Payment while filing GST appeal before First Appellate authority
E-Way Bill Exemption for Motor Vehicle Road Testing in Maharashtra
GSTAT Orders Re-Examination of Profiteering Calculation Due to Ignored Cost Factors
GST Benefits from Subsumed Taxes Not Passed to Consumers, Profiteering of Rs. 450 Crore Held
Maharashtra Professional Tax Guide – PTEC & PTRC Reference (with latest Update)
General Penalty Cannot Be Levied When Late Fee Is Imposed for GSTR-9 Delay: Madras HC
ITC Distribution by ISD Cannot Be Forced in Same Month as Invoice: Madras HC
Bombay HC sets aside Settlement Order issued post- refund adjustment under MVAT Amnesty Scheme
Section 64 Summary Assessment: New Shortcut Weapon against Bona Fide Recipients
Eight Years of GST, Same Old Harassment: How Section 74 & ITC Denial Still Punish Genuine Taxpayers
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.
