Goods and Services Tax
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Allahabad HC quashes GST order due to uploading of notice under wrong tab
Time of Supply Under GST: A Critical Analysis
GST Amnesty for ITC, Interest and Penalty Waivers
Hindustan Shipyard GST AAR Rectification Order Summary
Date of online appeal filing be considered as date of filing GST appeal for limitation
State GST Dept. Cannot Act if Central GST Dept. Has Initiated Proceedings on Same Matter
ITC Allowed on inward supply of motor vehicles used for Demo: Kerala AAR
Impact of GST on Banking Sector: Legal & Compliance Perspectives
Amendments in Territorial Jurisdiction of State Benches of GSTAT notified
Brief Note on Scrutiny of Returns by Proper Officer under GST
Reporting TDS Deducted by Scrap Dealers: October 2024 Advisory
Negative Impact of New Invoice Management System on Quarterly Return Filers
HC dismisses GST Refund Claim: Importance of Clear Contracts & Challenging Orders
CBIC Chairman’s Weekly Newsletter – 25th November, 2024
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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