Goods and Services Tax
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GST ITC optimum offset/Utilization Tool
Bombay High Court Directs Swift Action on MSTT Website Development
Zomato and Swiggy Face Rs 750 Crore GST Demand
TNVAT: Recovery proceedings cannot be initiated until Investigation is completed
GST Demand Notice cannot be enforced during pendency of Stay Application
GSTN Advisory: Act on Reclaimed ITC Reversals by November 30, 2023
GST: Whether Baby Finally Out of the Cradle ? (Analysis With Respect to the Success Till Date , Loopholes And Way Forward)
CGST Rule 37A: Reversal & re-availing of Input Tax Credit
Section 54(1) Time Limit for GST Refund: Directory, Not Mandatory
High court reduces GST Penalty from Rs. 56,00,952 to Rs. 10000
ASMT-10 Notice (Automated Return Scrutiny Module)
Basics of GSTR-9 & GSTR-9C
ITC availability in case of JDA Real Estate Transactions
The saga of “Voluntary Payment” in GST: DRC-03
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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