Goods and Services Tax
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All-India Special Drive: Genuine GST Taxpayers Have Nothing to Fear – Veer Singh Verma
Transaction between manufacturer & dealer while acting pursuant to a warranty is Sale: SC
AAR Locus Standi: Victory for Applicants or Pandora’s Box for Litigation?
How to deal with Special drive against fake GST registration?
Strengthening the GST System: Special Drive against Fake Registrations
Weekly newsletter from Chairman, CBIC dated 17/05/2023
GST interest not payable on credit component (ITC)
GST Authorities Seek Access to Banking Transactions to Tackle Tax Evasion
File GSTR-10 Final Return before 30/06/2023 to avail GST Amnesty
Providing documents to Claim fraudulent ITC – HC allows bail to accused
Non-Deposit of GST: HC grants anticipatory Bail to Assistant Director of Horticulture
GST Amnesty: File GSTR-10 Final Return before 30/06/2023
GST Registration Advisory on Aadhaar authentication status, e-KYC documents
Does non-payment of consideration really attract reversal of ITC under section 16?
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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