Goods and Services Tax
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ITC Unblocked as Credit Ledger Remained Frozen Beyond One Year Limit
HSN Code 9971: Service of Health Insurance
GST SCN Contested for Want of Proper Officer Jurisdiction: Calcutta HC
Calcutta HC Stayed GST Final Intimation for Jurisdiction & Procedural Lapses
Allahabad HC Quashed GST Demand for Exceeding Show-Cause Notice Limit
GST Not Payable on Statutory Fees Collected by Electricity Regulators: P&H HC
Corporate Guarantee to Subsidiary Under GST Lens: Bombay HC to Decide
Service Tax Demand After Death Unsustainable; Legal Heir Not Covered u/s 65(7): Orissa HC
GST Order Cannot Go Beyond SCN; Statutory Breach Not Technical: Calcutta HC
Calcutta HC Set Aside GST Appeal Order for Penalty Enhancement Without Hearing
GSTAT: Profiteering Allegation Rejected After Excess ITC Benefit Passed On
GST Appellate Delays and Accruing Interest: A Constitutional Imbalance
GST Arrest Illegal for Ignoring Mandatory BNSS Procedure: Bombay HC
Inverted Duty Structure Refund: Can GST Department Ask on Averaging Months?
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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