Goods and Services Tax
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जीएसटी इनपुट क्रेडिट -ईमानदार व्यापारी की मुश्किलें – कथा, पटकथा एवं संवाद
53rd GST Council Meeting – Major Highlights
Supplier Declaration & Tax Rate Issues: Madras HC directs Re-adjudication
Madras HC Sets Conditions for Restoring Cancelled GST Registration
Madras HC Sets Aside GST Demand Order: Natural Justice Violation
Himachal HC Quashes unreasoned Order Denying Ultra Tech Cement Budgetary Support
Delay due to director’s illness: Madras HC Orders Reconsideration of GST Appeal
Adverse Tax Proposal: Personal Hearing Mandatory, Failure to do so invalidates order
Madras HC Sets Aside Order on Alleged Circular Trading & ITC for Ignoring Reply
GSTR-1 can be amended even after the due date is crossed: Orissa High Court
GST Update: CBIC Instruction on initiation of recovery proceedings under GST
CBI arrests CGST Assistant Commissioner in ₹50000 Bribery Case
Circulars issued pursuant to 53rd GST Council Meeting
Place of supply of Custodial services provided by banks to Foreign Portfolio Investor
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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