Goods and Services Tax
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GST Registration Cannot Be Cancelled by a Checkbox: Reasoned Order Mandatory
Retrospective GST Cancellation & NGTP Tags: Can Buyers Be Penalised Without Proof?
Recent GST Related Advisories on Key GSTN, GSTAT & Compliance Changes
Repeated GST Summons and Dual Enquiries: Time for Fairness
MCTC Seeks GSTAT Appeal Deadline Extension as Portal Glitches Hinder Filing
SC Upholds GST on Gross Bet Value Instead of Gaming Revenue in Gameskraft
CBIC Clarifies GST Jurisdiction After Taxpayer Migration
No Negative Blocking of Electronic Credit Ledger Under Rule 86A: SC
P&H HC Sets Aside Negative GST ITC Blocking as Rule 86A Applies Only to Available Credit
GSTAT Appeal Deadline Should Be Extended as Portal Glitches Prevent Timely Filing
GST on Commercial Building Rent Should Be 5% as ITC Is Blocked
10 Situations Where GST Registration Is Mandatory Even Without Crossing Turnover Limit
12 Critical GSTR-9 & GSTR-9C Reconciliation Mistakes Every GST Taxpayer Must Avoid
RoDTEP Benefit Cannot Be Denied on Restricted Exports Made with Valid Permission: Bombay HC
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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