Goods and Services Tax
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GST Reconciliation Errors Every Taxpayer Must Identify Before Filing Returns
Portal Upload Alone Can Cost Your GST Appeal: Service & Section 169 Limitation
Mere Clerical Errors in GSTR-1 Without Revenue Loss Cannot Justify SCN: Karnataka HC
Delhi HC Stays GST Demand Notice Because Status of Delhi Jal Board as Local Authority Is Unresolved
GST not leviable on rent received on leasing residential premises to students, staff and teachers
Bombay HC Directs Authorities to Consider Tourism Incentive Period Extension Affected by GST Transition
Orissa HC Sets Aside GST Order as It Was Passed in Undue Haste Without Proper Hearing
GST Registration Cancellation Set Aside Due to Vague Show-Cause Notice & Lack of Details
Section 74 GST Order Cannot Be Converted to Section 73 Without Evidence: Gujarat HC
Composite GST Notices for Multiple Years Invalid as They Prejudice Taxpayers: Kerala HC
GST Demand Challenge Redirected to Appellate Authority as Appeal Period Was Still Open
Bombay HC Orders Return of ₹1 Crore Seized in GST Search for Lack of Legal Authority
Allahabad HC Set Aside GST Registration Cancellation as No Hearing Was Given
Composite / Mixed Supply under GST vs Bundled Performance Obligations under IFRS 15 / Ind AS 115
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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