Goods and Services Tax
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GST Council Constitutes GoM on Life and Health Insurance
A New Invoice Management Functionality on GST Portal wef 1st October 2024
Review GST Appeal Filed After Condonable Period Due to Accountant’s Illness: HC directs Department
![GST Conundrum on Preferential Location Charges in Real Estate [In perspective of 54th GST Council Meeting]](https://taxguru.in/wp-content/uploads/2024/09/GST-Conundrum-on-Preferential-Location-Charges-in-Real-Estate-In-perspective-of-54th-GST-Council-Meeting.jpg)
GST Conundrum on Preferential Location Charges in Real Estate [In perspective of 54th GST Council Meeting]
Classification of NFC Boards Under GST and Applicable Rates
GST Rate Applicability on Works Contract for Naval Dockyard
GST Applicability on Export of Processed Shrimps: AP AAR Ruling
MCM Pacific PTE Ltd: GST AAR Ruling on Zero-Rated Supply for Export
GST on Unfried Fryums: Gujarat High Court Clarifies Classification
Input Tax Credit on Demo Vehicles: CBIC Clarification
Master GSTR-9 and 9C with a Live Practical Training Course
Adjustment of interest permissible on tax liability against IGST refund claim: SC
No Penalty for mere Technical Discrepancies in Tax Invoice or E-way Bill: Madras HC
Input Tax Credit on Demo Vehicles
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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