Goods and Services Tax
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District Collector Cannot Grant Sales Tax Dues Instalments: Kerala HC
Online Fantasy Sports Gaming: GST on Platform Services & not on entire deposit
GST Clarifications for Corporate & Director Guarantees: 52nd GST Council Meeting
Analysis of 52nd GST Council’s Amnesty Scheme for Time-Barred Appeals
Separate Notices Issued to Taxpayers Under Sections 73 & 74 of KSGST Act – Circular
Recommendations Made in 52nd GST Council Meeting held on 07.10.2023
Analyzing GST Impact on Director Services and Remuneration
Disallowance of input tax credit unsustainable as tax has been paid to Government
Refund of IGST paid on exported goods being zero-rated supplies admissible as excess drawback repaid
Key decisions in 52nd GST Council Meeting and its impact
52nd GST Council Meeting Recommendations & Amendments
KVAT: Prime Location Charges/Floor Rise Charges not includible in Taxable Service
Simple Method to Calculate Net Profit Through GST in Trading Business
Understanding the New Compliance: Form DRC-01C in GST Filings
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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