Goods and Services Tax
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Writ Dismissed as Assessee Skipped GST Appeal Remedy, Blamed CA: P&H HC
GST Authorities Cannot Deny Revocation of GST Registration When Dues fully paid: Bombay HC
Rule 86A Does Not Permit Artificial Negative Balance in Electronic Credit Ledger: P&H HC
Bombay HC Quashed GST Show Cause Notice for Clubbing Multiple Financial Years
Understanding GST: Basics and Compliance for Businesses
GST Order Against Deceased Person Invalid; Proceedings Must Involve Legal Heir: AP HC
GST Registration Cannot Ignore Impact of CIRP on Management Change: AP HC
AAAR Odisha Denied ITC as Cross-Country Gas Pipelines Treated as Immovable Property
AAAR Odisha Allowed GST Exemption as Medical Procurement Is Pure Service
Temporary Spare Parts Storage is Incidental, Not Fixed Establishment for GST: AAAR Odisha
Petition for Rationalisation of Fees Prescribed for GST Appellate Tribunal (GSTAT)
No Anti-Profiteering Violation as ITC Ratio Fell Post-GST: GSTAT Accepts DGAP Report
Base Price Increase After GST Rate Cut is Profiteering: GSTAT
General Section 125 Penalty Not Applicable Where Specific GST Late Fee Exists: Madras 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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