Goods and Services Tax
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Assessment Order Set Aside for Lack of Personal Hearing Despite Upload on GST Portal
GST Registration Cancellation Does Not Erase Past Tax Liability: Telangana HC
Karnataka HC Quashes GST Order as Single SCN Covered Multiple Financial Years
18% GST applicable on Dry Citrate Powder as It Is Chemical, Not Dialysis Apparatus: AAR Gujarat
IIM Liable to GST TDS Due to Substantial Government Control: AAR Gujrat
GST Pre-Deposit Refund with Interest Mandatory After Appeal Success: SC
Builder Liable for ₹98.72 Lakh Profiteering Because GST ITC Benefit Not Passed to Buyers
GSTAT Orders Recalculation of Profiteering for Excluding Goods Component from ₹89 Crore Pre-GST Value
Reinvestigation Directed Since Actual Service ITC of ₹5.22 Crore Allegedly Ignored
Is GST Section 75(12) a Tool for Arbitrary Recovery? Legal Analysis & Court Verdicts
Restaurant Services through E-Commerce under GST: Are Composition Dealers Allowed?
Roadblock Removed: Court allows ITC-02 for Inter-State Transfers – An Analysis
ITC on Leasehold Transfer Not Blocked Credit, Gujarat HC Clarifies Scope of Section 17(5)(d)
Calcutta HC Set Aside GST Adjudication Order for Travelling Beyond Section 75(7) SCN
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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