Goods and Services Tax
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Input Tax Credit eligibility based on Functionality Test: A Detailed Analysis
Delhi HC to Examine Tax Department’s Jurisdiction Over ITC Claims
Delhi HC Orders GST Refund, Rebukes Tax Dept for Withholding Dues
Madras HC Upholds ITC Reversal Order Under TN VAT Act
GST Audit Without Section 65(3) Notice Is Invalid: HP HC
ITC on IGST for Imports Allowed Despite Deferred Payment Beyond 180 Days
GST Exemption on Ancillary Electricity Transmission Services: Gujarat AAR Clarifies
5% GST on Export of Pre-Packaged & Labelled Rice up to 25kg: AAR Gujarat
Omission of GST Rules 89(4B) & 96(10) Lapses Pending Proceedings: Bombay HC
GST Circular: Post-Sale Discount Treatment Clarified
56th GST Council Meeting – Key Recommendations and Implications
Delhi HC Warns GST Officials: No Access to Advocates’ Computers Without Consent
Reconciling E-Way Bill Data with GSTR-9C Turnover
Claim of ITC in respect of delayed GSTR-3B allowed if return filed on or before 30.11.2021
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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