Goods and Services Tax
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GST Show Cause Notice for Multiple Years Upheld in Fraudulent ITC Allegation Case
GST SCN Quashed for Clubbing Multiple Financial Years in Single Notice: Madras HC
GST Registration Cancellation Quashed Due to Absence of Retrospective Proposal in SCN
GST Refund Cannot Be Denied for Failure to File LUT Before Export: Karnataka HC
GST Appeals: 3+1 Month Limit Before First Appellate Authority Is Final
Can Penalty under Section 74 of CGST Act be imposed for Late Payment of Tax?
No bail to alleged fake GST Commissioner in ₹34 Lakh Bribery Trap case
GST Portal Bank Account Validation: What Every Registered Taxpayer Must Do
Input Tax Credit Blockades Under Section 17(5)(a), (aa) & (ab) of CGST Act, 2017
GST Not Applicable on University Statutory Fees: Bombay HC (Goa Bench)
E-Way Bill Enforcement & Need for a Practical Mechanism to Protect Small Traders
Advisory on pre-deposit Payment while filing GST appeal before First Appellate authority
E-Way Bill Exemption for Motor Vehicle Road Testing in Maharashtra
GSTAT Orders Re-Examination of Profiteering Calculation Due to Ignored Cost Factors
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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