Goods and Services Tax
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RCM on Renting of Immovable Property under GST – A Comprehensive Analysis
Can GST Authorities Club Multiple Years in One SCN? SC to Settle the Debate
GST Apellate Tribunal (GSTAT)- A Quick Overview
SC Keeps Section GST ITC Section 16(2)(c) Challenge Open: Impact on Taxpayers
Bombay HC Set Aside GST Demand Order Passed Despite Stay, Keeps Section 16(2)(c) Challenge Open
Gambling – GST leviable irrespective of Game of Chance vs. Skill: SC
Banning Online Money Gaming is within States’ Power: SC
Issue GSTAT FAQ as Filing Procedures Continue to Cause Confusion: MGATBA
Reversal of ITC against Retention Money of Supplier
GST Show Cause Notice Upheld as Taxability of Annuity Requires Factual Determination
SC Declines Interference as GST Dispute Arose From Show Cause Notice
Chilli Grinding Job Work GST Issue Left Undecided Due to Withdrawal of AAR Application
GST Advance Ruling Application Withdrawn as ITC Time-Limit Issue Was Outside AAR Jurisdiction
Factory Canteen ITC Allowed Only to Extent of Actual Employer Expenditure
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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