Goods and Services Tax
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No GST Council Recommendation, No ‘Proper Officer’ Status; MP HC Quashes Order
GST Assessment Order Set Aside Due to Lack of Opportunity to Reply to SCN: Karnataka HC
GST Appeal Rejected Due to Delay Beyond Statutory Limit: Allahabad HC
Writ Not Maintainable After GSTAT Becomes Functional Due to Availability of Appellate Remedy: Orissa HC
Excess GST Payment Must Be Adjusted Before Interest Recalculation: Madras HC
Karnataka HC Set Aside Ex-Parte ITC Rejection Due to COVID-Related Non-Response
GST 70:30 Solar Tax Split Cannot Be Applied Retrospectively: AP HC
GST on Coaching Classes Upheld as Taxable Due to Non-Recognition as Educational Institution
Electric Bus Rentals Taxable at 18% Not 5%: GST AAR Gujarat
Bank Attachment Ends After Final GST Order Under Section 74: SC
Builder Liable for Profiteering Due to Failure to Pass ITC Benefit Under GST
Fractional Ownership Platforms (FOPs) and GST Products, Services, or Neither? A Critical Examination
Section 16(2)(c) of CGST Act: Supplier default dilemma
No ITC Denial Without Verifying Transaction Genuineness: HP HC
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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