goods and Service tax

One Nation, One TAx


GST stand for Goods and Services Tax. . “Goods and Service Tax (GST) Goods and Service Tax (GST) is one single tax on the supply of goods and services, right from the Manufacturing to the ultimate delivery to customer.

 Credits of input tax paid at every stage shall be available in the subsequent stage of value addition, which makes GST essentially a tax only on value addition at each stage and thus avoiding cascading effect.

The final consumer will thus bear only the GST charged by the last dealer in the supply chain, with set-off benefits at all the previous stages.

The introduction of GST will replace the various taxes presently being levied by Central & State Government(s).

The following taxes levied by Central government are replaced:

 i) Central Excise Duty

ii) Additional Excise Duty (Goods of Special Importance)

iii )Additional Duties of Excise (Textiles and Textile Products)

iv) The Excise Duty levied under the Medicinal and Toiletries Preparation Act

v) Service Tax

vi) Additional Customs Duty, commonly known as Countervailing Duty (CVD)

vii) Special Additional Duty of Customs-4% (SAD)

viii) Cesses and surcharges in so far as they relate to supply of goods and services

Following State Taxes are replaced:

i) State VAT

ii) Central Sales Tax (levied by the Centre and collected by the States)

iii) Entertainment Tax (not levied by the local bodies )

iv) Octroi and Entry Tax (all forms)

v) Purchase Tax

v). Luxury Tax

vii) Taxes on lottery, betting and gambling

viii) State cesses and surcharges in so far as they relate to supply of goods and services.

ix) Taxes on advertisements

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Expert Column

Get updated on GST trough article written by our guest experts.


GST is payable by the person who consume goods and/or services but it is collected by the ‘taxable supplier’ who is supplying goods and/or service, however, there are some exceptions to this rule, where the liability to pay GST on a specified supply is on the recipient itself. The mechanism …<p class="read-more"> <a class="" href="http://thegstguru.com/reverse-charge-mechanism-gst/"> <span class="screen-reader-text">WHAT IS REVERSE CHARGE MECHANISM IN GST</span> Read More »</a></p>


In common parlance, Invoice indicates the amount receivable by the person issuing the invoice from the person to whom the invoice is issued. However invoice used under GST framework is tax invoice which contains statutory details as prescribed under CGST/SGST Act and Rules framed thereunder. Section 2(66) of CGST/SGST Acts, defines Invoice as a meaning assign to under section 31.

Refunds under GST

Under a Self-Assessment tax governance system, it is an obligation of a taxpayer to discharge its tax liability along with interest and penalties. In discharging of this obligation, several instances occur where the taxpayer deposits it tax in excess or avail its entitlement less. Under those circumstances, the, taxpayer is entitled to get refund of the amount of excess deposited to government exchequer.

The Deadline to file GSTR 1 of July 2017 extended to 10th October 2017

The GST Council has in its meeting held on 9th September 2017  decided to extend the deadline for filing GSTR 1 for July 2017  to October 10 2017. The issue of filling final GST return on the GST tax filling portal was raised in the meeting, after which the team …<p class="read-more"> <a class="" href="http://thegstguru.com/deadline-file-gstr-1-july-2017-extended-10th-october-2017/"> <span class="screen-reader-text">The Deadline to file GSTR 1 of July 2017 extended to 10th October 2017</span> Read More »</a></p>

Clay Idols are now Exempt from GST & List of indigenous handmade musical instruments recommended for NIL rate of GST

The GST Council has on its meeting held on 9th September 2017 exempted clay idols from the tax. It was also decided that “For artisans, artists, folk arts and tribal arts, no registration will be required up to Rs 20 lakh (turnover). The GST Council has also recommended that following indigenous handmade musical instruments shall attract NIL rate of GST.

Recommendations made by the GST Council in the 21st meeting at Hyderabad on 9th September, 2017

The GST Council, in its 21st meeting held at Hyderabad on 9th September 2017, has recommended the following measures to facilitate taxpayers:

Registration in GST

If you are carrying out any business and have an annual aggregate turnover in the preceding financial year exceeding Rs. 20 lakhs (Rs. 10 lakhs in Special Category States), you need to register in all States/Union Territories from where you are making taxable supplies. However, you need not register if you are engaged exclusively in the supply of exempted goods or services or both.

Have you filed GSTR-3B? (FAQ on GSTR 3B)

Form GSTR-3B is a simple E-form introduced by the CBEC for the month of July and August. In GSTR-3B we don’t have to provide invoice level information, only total consolidated values for each supply have to be provided.

हिंदी में फॉर्म GSTR -3B से संबंधित प्रश्न का जवाब

फॉर्म GSTR-3B जुलाई और अगस्त महीने के लिए CBEC द्वारा शुरू किया गया एक सरल ई-फॉर्म है। GSTR-3B में हमें इनवॉइस स्तर की जानकारी उपलब्ध कराने की ज़रूरत नहीं है, केवल प्रत्येक supply के लिए कुल मानों को प्रदान किया जाना है

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