Goods and Services Tax
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Section 16(4) ITC Denial Quashed as Returns Filed Within Section 16(5): Kerala HC
Cancelled GST Registration May Be Restored on Rule 22(4) Compliance: Gauhati HC
Typographical Error in GST SCN Not Ground to Quash Proceedings: Gujarat HC
GST Assessment Order Set Aside for Absence of Officer’s Signature: AP HC
GST Registration Cancellation Quashed for Defective SCN: Gauhati HC
Time Spent in GST Rectification Excludable for Appeal Limitation: Gauhati HC
GST Section 83 Provisional Attachment Set Aside After One-Year Lapse: Karnataka HC
GST Registration Restoration Allowed on Filing Pending Returns: Gauhati HC
GST Registration Restoration Permitted on Rule 22(4) Compliance: Gauhati HC
Delhi HC Orders Bank Account De-Freezing After DGGI Withdraws GST Attachment
E-Way Bill Detention & Confiscation Under GST: Latest Changes
Section 74 SCN Challenge Rejected in Circular Trading Case: MP HC
GST Show Cause Proceedings Remanded for Fresh Hearing: Madras HC
GST Registration Appeal Restored as Limitation Extended by SC Orders: Delhi HC
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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