Goods and Services Tax
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Claiming Depreciation on Unavailed Portion Does Not Bar ITC on Balance: Kerala HC
ITC TRAP How Good-Faith Traders Lose Lakhs & What Courts Say About It
GST Payable on Health Centre Operations Because Services Supplied to PSU, Not Patients
Pre-Deposit Cannot Be Weaponised against GST Taxpayer Denied Fair Adjudication: SC
Cinema Hall Held Liable for Profiteering Due to Non-Passing of GST Rate Reduction
HC quashed ₹120 Cr tax demand as solar inverters eligible for 5% Concessional GST
FAQs on GST on Renting of Immovable Property (Residential & Commercial)
No GST on Residential Property Rented to Hostels: SC
Legislative Evolution of Section 15(3)(b) of CGST Act, 2017 & Interpretive Uncertainties That Remain
HFL Care Homes Liable for Profiteering Due to Failure to Pass ITC Benefit to Homebuyers: GSTAT
Builder Accepts DGAP Report, Liable for ₹17.75 Lakh Profiteering Due to ITC Benefit Issue
Karnataka HC Allows Fresh Hearing as GST Order Passed Without Taxpayer’s Response
ITC Reversal Order Quashed Due to Retrospective Amendment Extending Section 16(4) Time Limit
GST Delay Condonation Rejection Invalid as Authority Failed to Pass Reasoned Order: P&H 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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