Goods and Services Tax
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Medicated talcum powder is classifiable in the category of cosmetics
Date extended for exercise of option by GTA to pay GST under forward charge
Filing of Writ due to expiry of period of filing appeal is abuse of process of Court: HC
Time limit to opt for FCM for Transporters extended till 31.05.2023
Time limit to opt for Forward Charge Mechanism for Transporters extended till 31.05.2023
GST in India: Everything We Need to Know
GST evasion on acquisition of compulsorily convertible debentures detected
Rule 5 of Cenvat Credit Rules cannot be invoked to sanction refund of unutilized Cenvat credit
GST Rate on Bonus for Employees of Company Providing Canteen Services paid by recipient
18% GST Payable on Aluminium composite panel/sheet
Input Tax Credit on construction of shed using pre-fabricated technology
Advance Ruling obtained by suppressing the facts is void ab initio
GST Applicability on Export of Pre-Packaged and Labelled Rice
GST on Manpower Services Supply to State Govt Departments/Authorities
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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