Goods and Services Tax
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Bombay HC Quashes GST Demand as Assignment of Leasehold Rights Is Transfer of Immovable Property
Gujarat HC Orders IGST Refund Because Notification Entry Was Declared Ultra Vires
GST Not Payable on Auction Sale of Partially Constructed Property
Retrospective GST Cancellation: Buyers Punished for Supplier Defaults by Officers
Gujarat HC Grants Bail in GST Fraud Case Because Accused Not Major Player in Alleged Conspiracy
GST on Real Estate in India: Key Rates, Rules and Compliance Framework
Know How Form ASMT-10 Scrutiny Escalates to GST Demand Notices
Goods in Transit Cannot Be Detained for GST Valuation Disputes as Checkpost Officers Lack Authority
Karnataka HC Orders Unblocking of GST Credit Ledger as Rule 86A Restriction Cannot Continue Beyond One Year
GST Assessment Quashed Because Two Orders Were Passed on Same GSTR-2A vs GSTR-3B Issue
Delayed GST Appeal Restored as Taxpayer Acted in Good Faith Over ITC Mismatch
Issue of Portal Upload vs Communication Under Section 169 GST
Transfer & Adjustment of Cash Ledger Balance Within Same GSTIN PMT 09
Bona Fide Recipients Targeted Instead of Defaulting Suppliers u/s 64 of GST
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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