Goods and Services Tax
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Form GSTR 1 & GSTR-1A- Monthly Statement of Outward Supplies | FAQs
Madras HC Sets Aside GST Demand on HAM Contracts & directs re-consideration
GST Amnesty Scheme In Budget 2024
Gross and Net GST revenue collections for the month of July, 2024
Order unsustainable if passed alleging non-furnishing of documents which were not called for: Madras HC
VAT Order passed without furnishing material relied: Madras HC directs Reassessment
Delhi HC set-aside GST Order for Ignoring Petitioner’s Reply
Form GST DRC-01 issued without show cause notice: Madras HC quashes Order
Budget 2024: Removal of Indexation & TDS Provisions for Partnership Firms
GST Appellate Tribunal Established wef 1st Sep 2024: State-wise Bench Details
Notice proposing confiscation of goods without specific reason is untenable: Andhra Pradesh HC
Amnesty Scheme Payable Amount Can Be Adjusted from KVAT Refund: Kerala HC
KVAT Penalty Deleted as Form 16 Declaration Showed Goods Intended for Own Use: Kerala HC
Unsigned Income Tax Notice and order are Invalid: Telangana 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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