Goods and Services Tax
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Chhattisgarh HC Upholds Principles of Natural Justice: Quashes GST Order
No Interest on Late GSTR-3B Filing if tax is deposited in electronic cash ledger within due dates
Blocked Credit: Goods and Services on which ITC is Blocked
Effects of GST on Entertainment Industry including OTT platform
जीएसटी एक्ट: धारा 129 और नियम 138 गुड्स/वाहन को रोकना पर न्यायिक निर्णय की समीक्षा
Delhi HC Upholds Validity of GST’s Anti-Profiteering Mechanism
Understanding of recovery proceeding under Section 78 of CGST Act
Interest Applicable for Delayed GST Return Filing, Despite Tax Payment from Credit Ledger
Services Linked to Transportation Fall Under Goods Transport Agency Purview
वित्तीय वर्ष 2023- 24 के लिए GSTR-4 में आ रही परेशानी के संबंध में
Penalty cannot be levied for late credit of Payment by Bank to GSTN Account
HC remands Matter back as GST Order Uploaded Only on Portal
Relevant Date for GST Refund Claim is Tax Payment date under Correct Head: Delhi HC
Can a Registered Person whose Place of Supply is different from Recipient’s State Claim IGST ITC?
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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