Goods and Services Tax
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Karnataka HC Stays ITC SCN and GST circular on snack classification
Online Gaming Taxation under Income Tax and GST Laws
VAT not payable on supply of food stuff as its ancillary activity of university: HP HC
GST Demand Order Requires Reply Consideration and Hearing Opportunity
MP VAT Act: 2023-24 Assessments Deemed Complete for Petrol Pumps
GST Council Modifies Life & Health Insurance GoM
GST Authorities Must Address Responses, Not Merely Echo SCNs: Delhi HC
Gujarat High Court on GST Input Tax Credit Vires
GST Registration Cancellation Beyond Grounds mentioned in SCN was Invalid
SC allows Use of Electronic Credit Ledger for GST Appeal Pre deposit
GST Notification u/s 168A and Related G.O. Valid: Madras HC Dismisses Petition
ITC or Income Tax Benefits on Cars/EVs for Office Use: Can You Claim?
Matrix of Place of Supply Under GST Law and Its Rationale
CBIC uncovers Rs. 20 crore import fraud involving undervalued luxury furniture
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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