Goods and Services Tax
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Same Day GST Registration under Rule 14A of CGST Rules
Failure of IMS in Reporting Credit Note Rejections Leading to Excess GSTR-3B Tax Liability
Assignment of leasehold rights not taxable under GST: Bombay HC (Nagpur bench)
ITC Denied for Late Returns Set Aside After Statutory Amendment: Madras HC
Allahabad HC Disposed Writ as GST Appellate Tribunal Becomes Functional
AP HC Quashed GST Best Judgment Assessments for Belated Return Filing
GST ITC Denial Set Aside Due to Section 16(5) Amendment – Fresh Order Directed
Paid GST, But in Wrong Column? High Court Says “Relax, That’s Not Tax Evasion”
Section 74 GST SCN Only States Figures Without Fraud/Suppression Allegation: SC Grants Stay
AAAR TN Rejects ITC Claim: Firefighting & Sanitary Installations Not Eligible as ‘Plant & Machinery’
ITC Denied on Electrical Works for Factory Expansion as Immovable Property: AAAR TN
Interactive Flat Panel Displays Taxed at 28% as ‘Monitors’ Under HSN 85285900: AAAR Tamilnadu
Industrial Use Prevails: Felt Components Taxed as Machinery Parts; Higher VAT Upheld
GSTAT Clarifies Certification Rules and Softens Appeal Scrutiny
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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