Goods and Services Tax
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Ensuring Input Tax Credit (ITC) Compliance for Exports: A Case Study on Third-Party Exporter Documentation
Corporate Taxes in the United Arab Emirates (UAE): Analysis
Advisory on launch of E-Way Bill 2 Portal
GSTN Advisory: Portal Enhancements, Pan Masala/Tobacco Manufacturer Info & E-way Bill 2 Portal Launch
NIC द्वारा ई वे बिल 2 पोर्टल 1 जून 2024 से शुरू
Seeking Cancellation of GST Registration is Not Easy
Department should seek document/clarification if required from assessee before passing order
Acknowledging the order-in-original issued by non-competent authority does not make it good in law
Delhi HC orders GSTN officer to submit affidavit on portal issues in SCN
Remedy cannot be availed under writ jurisdiction when alternate remedies not availed efficaciously
Claim of credit depends upon fulfilment of ITC conditions, not when it auto populated in GSTR-2B
CGST: Territorial Jurisdiction of Principal Commissioner/Commissioner of Central Tax amended in Rajasthan
No Property Attachment under GST if Taxpayer Initiates Appeal Proceedings: Madras HC
Reversal of Erroneously Availed ITC TRAN-I: HC directs re-adjudication
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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