Goods and Services Tax
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Karnataka HC Quashed Rule 86A Action as ITC Not Availed by Assessee but by Customer
Madras HC Quashes GST Assessment, Orders Fresh Adjudication on 50% Pre-Deposit
‘Cine Worker’ GST Exemption Not Available Beyond Statutory Wage Ceiling: Kerala HC
GST Registration Cancellation May Be Reconsidered on Filing Pending Returns: Gauhati HC
Belated ITC Valid After Retrospective Section 16(5) Amendment: Madras HC
Writ Rejected for Alternate Remedy but GST Appeal Permitted Without Limitation Hurdle
GST Order Set Aside Due to Lack of Proper Hearing Notice, HC Calls It ‘Eyewash’
Ex-Parte GST Registration Cancellation Case: Patna HC Advises Statutory Appeal
Jaggery-Water Curing Does Not Make Tobacco “Manufactured”: Madras HC
GST Assessment Set Aside as Order Passed Without Hearing: Madras HC Directs Fresh Order
Writ Disposed as GSTAT Functional & Appeal Remedy Available: Orissa HC
GST registration Suspension & Cancellation Notices: When Procedure Becomes Punishment
GSTN Issues Advisories on Appeals, Pre-Deposit, GSTR-3B Interest & IMS Tool
GST Compensation Cess Credit Crisis: SC to Decide Fate of Rs. 2,500 Crore
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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