Goods and Services Tax
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Can IGST Balance Can Be Transferred to SGST of Another GSTIN Under Same PAN?
GST on Real Estate Activities: Land & Building, Construction & Long-Term Leases
GSTAT Upholds Profiteering for Non-Passing of GST Rate Cut Benefit
Orissa HC Quashes GST Order Over Identical Name Confusion on WAMIS & IT Portal
Orissa HC Disposed Writ Petition Due to Availability of GST Appellate Tribunal Remedy
Delhi HC Allowed GST ITC Refund as Services Not Intermediary but Exported
GST-Linked Forgery Case: Bail Allowed Custodial Interrogation Found Unnecessary
No IPC Trial for GST Offences Covered by Special Statute: P&H HC
GST Penalty Notice Invalid Where Jurisdiction Not Clearly Established: AP HC
GST Show Cause Notice Questioned for Being Issued by Wrong Authority
GST Adjudication Upheld as Proper Officer Was Validly Empowered
GST on Foreign Patent Filing Fees: Understanding Medtrainai Ruling
Taxpayer’s Parade: New Weapons of Income Tax and GST Authorities
Refund of Unutilised ITC after Amalgamation : Gujarat HC Brings Much-Needed Clarity
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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