Goods and Services Tax
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GST Rate Rationalisation May Cause Net Revenue Loss of ₹47,700 Crore
Accepted ASMT-12 Reply Blocks Fresh GST Demand on Same Issues: Delhi HC
Anticipatory Bail Granted as Chartered Accountant Not Liable for Clients’ GST Evasion
Calcutta HC Sets Aside GST Rectification Rejection for Denial of Personal Hearing
E-Way Bill Expiry Alone Cannot Justify Motorcycle Seizure if Documents & Delivery Proof Exist
Madras HC Vacates Bank Account Attachment After Partial GST Deposit
Best-Judgment GST Assessment Cannot Survive After Return Filing: AP HC
Jharkhand HC Grants Bail in Rs. 22 Crore GST Evasion Case
18% GST Demand on Pre-2022 Road and Drain Works Upheld as Issue Already Settled by Earlier Ruling
Calcutta HC Condones Late GST Appeal Filing Due to Advocate’s Death
Join 2 Day Live Practical GSTAT Appeal Workshop
Gold, Foreign Tour & Incentives to Dealers: Growing GST Controversy
Co-op. Housing Society – Complete Guide for GST Registration & Compliance
Table-wise Technical Analysis of GSTR-9 (GST Annual Return)
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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