Goods and Services Tax
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Despite Error on Law by Original Authority, Remedy Against Order is to File an Appeal Under Statute
Coaching Services Are Composite Services: Appellate Advance Ruling
Note on Kavin Gas Vitarak Case Madras High Court
No Health Tax Proposal for Tobacco Products: Govt
Gauhati HC Stays GST Notice, Form ASMT-10 Not Issued: Pepsico Case
AAR ruling on inclusion of Demised premises in definition of residential dwelling
GST on Stadiometer & Infantometer as Diagnostic Medical Equipment
UIT Kota’s Status, Taxability of Construction & Rate Changes: AAR Rajasthan Ruling
GST on Delayed Payment of Interest by purchaser of goods: AAR Rajasthan Ruling
Impact of GST on Hospitality Sector: A Comprehensive Analysis
Sale of re-possessed vehicles attracts VAT under DVAT Act: Delhi HC
Failure to Notify Form GSTR-2 Supports Petitioner’s Claim for Belated Returns
Recent Supreme Court Judgment on ITC Reversal: Suncraft Energy Case Analysis
GST on Compensation: Liquidated Damages, Trade Settlements & Contract Breaches
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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