Goods and Services Tax
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Transaction in Money vs Money as Consideration under GST
Why GST Department Almost Never Pays You Interest on Late Refunds?
Can ITC Missed in GSTR-3B Be Claimed Through GSTR-9? Legal Position
Omission of Rule 96(10) Without Saving Clause Ends Pending GST Refund Proceedings: SC
GST Recovery Can Be Made Only From the Person Who Charged & Collected It: SC
Karnataka HC Directs Reimbursement of 12% GST to Civil Contractor
Rajasthan High Court Rejects Delayed GST Appeal Beyond Statutory Limitation
GST Section 129 Penalty Quashed Without Tax Evasion Intention: Allahabad HC
GST Section 129 Penalty Quashed for Technical E-Way Bill Error: Allahabad HC
GST Section 129 Penalty Quashed for E-Way Bill Lapse Without Tax Evasion: Allahabad HC
GST Section 129 Penalty Quashed Where No Tax Evasion Intent Found: Allahabad HC
GST Audit Quashed for Violating 15-Day Notice and Reply Requirement: AP HC
Chhattisgarh HC Quashes Section 74 GST Notices Lacking Foundational Facts
GST Treatment and Companies Act Compliance for Inter-Corporate Loans
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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