Goods and Services Tax
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Pre-Deposit Decision Invalid as Tribunal Did Not Apply Mind to Prima Facie Case: Allahabad HC
Facts vs Allegations in GST Show Cause Notices: A Litigation Perspective
GST Notification Amended to Appoint Joint Commissioner CGST Daman as Authority
Corpus or Sinking Fund Collected by Housing Society Is Taxable as Advance Under GST
Electricity & Water Charges Recovered by Housing Society Taxable Under GST
Corpus Fund Collected by Housing Society taxable under GST as It Is Advance for Future Services
Used Car Dealer Can Claim ITC on Business Expenses as ITC Restriction Applies Only to Vehicles
GST Not Payable on Solid Waste Services as They Are Pure Services to Gram Panchayat
GST Applicable on RWA Corpus Fund Since It Represents Advance Toward Future Supply of Services
GST Advance Ruling Rejected as Refund Claim Under Inverted Duty Structure Is Outside AAR Jurisdiction
Clubbing Multiple Financial Years in One GST Notice Unsustainable Under CGST Act: Bombay HC
No GST on Transfer of Leasehold Rights as this is Not a Supply of Services: Bombay HC
GST Demand Order Quashed Because Interest Not Mentioned in SCN: Allahabad HC
Negative Blocking of GST Electronic Credit Ledger Invalid Because Rule 86A Applies Only to Available ITC
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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