Goods and Services Tax
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Supreme Court Confirms 5% GST for Flavoured Milk
Allahabad HC Examines GST Rate Dispute: 5% vs 12% on Works Contract Invoice
Allahabad HC Quashes GST Order Over Portal Glitch
Excess Stock GST Case: Allahabad HC Stays Coercive Action, Directs 10% Tax Deposit
GST Appeals Cannot Be Rejected Solely on Delay, Merits Must Be Considered
Delhi HC directs Immediate GST Refund Despite Tribunal Appeal Delay
Delhi High Court Mandates GST Refund for Deceased Proprietor’s Heir
Fraudulent GST Registration using forged or stolen PAN & Aadhaar
WHO Urges Higher Taxes on Sugary Drinks, Alcohol
GST Collection in Dadar and Nagar Haveli, Daman and Diu
GST Collection from Different Income Groups in India
GST On Plant-Based Food Alternative
GST Revenue And Compliance In Recycling Sector
GST Burden on Consumers: Income-Wise Data Not Maintained
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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