Goods and Services Tax
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Penalizing Genuine Taxpayer in the name of simplification of GST: Budget 2024
Gujarat HC set-aside GST order for Lack of reasons for imposition of penalty
Changes in GSST after GST Council Meeting held on 22nd of June, 2024
Andhra Pradesh HC dismissed writ against order cancelling GST registration due to availability of alternative remedy
Initiation of proceedings against non-existing company impermissible: Karnataka HC
Writ challenging cancellation of GST registration dismissed due to alternative remedy: Andhra Pradesh HC
Decoding of Newly Inserted Section 74A in CGST Act, 2017
Budget 2024-25: Key Changes under GST Law
GST Budget 2024 Amendments At A Glance
Date of electronic filing of appeal is date of filing of an appeal: Karnataka HC
Things that Nirmala Sitharaman Didn’t Mention in Her Budget Speech: GST
Major GST and Customs Changes – Budget 2024
Budget 2024: Explanatory Memorandum for Notifications 29-39 Customs & 51/2024 (N.T.)
Effects and implications of Union budget 2024-25 with respect to CGST provisions
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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