Goods and Services Tax
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Key Guidelines for Finalizing Accounts: Income Tax & GST Compliance
GST: No Substantive Changes Permitted in Orders by error rectification under Section 161
GST Demand Notices: A Guide to Sections 73 and 74 of GST Act
Kerala HC Upholds GST Registration Cancellation for Oleena Mahila Samajam
Kerala HC Directs Avail Alternate Remedies: KGST Act Assessment
GST & Interim Budget 2024: ISD Registration & penalty for non-registration of machines by tobacco manufacturer
GST Not Exempt on services for Loading and Unloading of Imported Pulses
No ITC on construction expenses for immovable property, regardless of capitalization in books
Provisions of Anti-Profiteering are constitutionally valid: Delhi HC
Kerala HC Dismisses Writ on GST Transitional Credit, Cites Appeal Remedy
GST SCN issued beyond Period of Limitation u/s 73 of Finance Act: Delhi HC allows Withdrawal of Petition
HC directs AO to Share Support Materials for GST Registration Cancellation Notice
GST DRC-01 passed without considering reply: HC Set-aside the SCN
Mismatch between GSTR-3B & GSTR-2A: HC remanded matter back to AO
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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