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.
Karnataka HC Quashes GST Demand on Trading Margin from Voucher Sales
Rajasthan GST: ITC Claim Verification for Late Registrations
GST Assessment order was set aside for lack of application of mind to assessee’s submission
NRI Commercial Property Renting and GST
Sikkim High Court Reinstates Budgetary Support for Pharmaceutical Unit
KVAT not leviable on displaying advertisement on hoardings when right to use hoardings not transferred
Section 74 CGST: No SCN for Multiple Years If No Wilful Suppression Found
No GST Demand can be raised for excess stock during search under Section 130
Order passed one day late beyond its limitation period is void by limitation under GST Law
Bank Account Freezing Illegal After Section 107 GST Appeal: Delhi HC
GST Advance Ruling Can’t Decide Classification of Imports: AAR Tamil Nadu
E-Way Bill Portals Get Enhanced Interoperability
IMS in GST: Real-Time Invoice Matching to Curb Fake ITC Claims
GST Notification 56/2023 Quashed – Madras HC Upholds Extended Limitation 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.
