Goods and Services Tax
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CBIC Seeks Proposals for Revising CGST Jurisdiction
Kumbh Mela – “Religious Place”- New Saga of GST Litigation
Allahabad HC Upholds Penalty for goods transported without e-way bill
Nuances in GST Section 74A(11): Balancing Compliance & Penalties
GST में Voluntary Payment या Coercion? Karnataka HC का फैसला
Work contract services to railways eligible for concessional tax rate of 12%: Madras HC
GST Exemption on Govt Consultancy Services: AAAR Gujarat Ruling
HSS transactions fall under Schedule III & are neither supplies of goods nor services
PVC Car Floor Mats Classified Under CTH 8708; GST Rate 28%: AAAR Gujarat
GST on Healthcare Services Under Diamond Plan: AAAR Gujarat Rejects Appeal for Lack of Documents
Treated Water’ obtained from CETP not eligible for GST exemption: AAAR Gujarat
GST & ITC on Canteen Charges: AAAR Gujarat Rules on M/s Troikaa
GST on System Use Gas in LNG Regasification: AAAR Gujarat remands case
Parallel Tax Proceedings Under CGST: Calcutta HC Stays Coercive Action
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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