Goods and Services Tax
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Understanding Time of Supply for GST Calculation
IGST RCM on Import Ocean Freight Discontinued – Not to miss ‘REFUNDS’!
Calcutta HC Quashes 2nd Show Cause Notice Matching Earlier Dropped Grounds
Innovation Services to German Company amounts to Export of Service: HC
ITC Eligibility for Construction Project: Central Air Conditioning Plant, Lift etc.
Search cannot be conducted until all conditions u/s 67 of CGST Act are fulfilled
Madras HC Orders Refund of Tax Recovery in Athimoolam Contractor Case
Webinar on Practical aspect of Annual Return (GSTR-9) under GST
GST on Betting, Gambling, Casinos, Lottery & Online Gaming – What You Need to Know
GST Officers’ Powers and Cross Empowerment: Analysis & Insights
Gist of CGST/IGST Notifications – Issued on 29.09.2023
GST पोर्टल अपडेट: DRC 03 संशोधन, ई-इनवॉइस परिवर्तन, DRC 01C का विवरण
Pre-deposit is Not Tax & Cannot be Retained or Adjusted Under DVAT Act
Weekly newsletter from Chairman, CBIC dated 03.10.2023
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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