Goods and Services Tax
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Delhi GST Mandates Virtual Personal Hearings for All Cases
ITC Eligibility in Real Estate and Infrastructure Projects: A Legal vs. Practical Lens
GST ITC Reversal: Rule 42 & Interest Implications
Gauhati HC Denies 48-Installment GST Payment
Tata Projects GST ITC Dispute: Gauhati HC stays coercive action
Allahabad HC Quashes GST Notice & Order for Non-Compliance with Section 74 Requirements
AI Simplifies GSTR-2A/2B Reconciliation for Chartered Accountants
Maharashtra AAR Classifies Emission System as Vehicle Part
MSETCL Services Like Line Shifting & Construction Taxable at 18% GST: Maharashtra AAR
Maharashtra AAR: Real Estate Redevelopment: GST on Free Units & Monetary Payments
Raymond Realty’s GST Rate Limited to Three Towers: Maharashtra AAR
PPD India Denied GST ITC on Clinical Trial Samples & Logistics: AAR Maharashtra
Maharashtra AAR denies Late ITC Claim on Bill of Entry Due to Section 16(4) Time Limit
Veterinary Services Exempt, Chick Sales Commission & Lab Testing Taxable Under GST
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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