Goods and Services Tax
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Writ Petition Dismissed Due to Alternate Penalty Appeal Remedy Under GST Law
GST Order Set Aside for Using Wrong Provision After Section 74A Came into Force
Madras HC Set Aside GST Demand Due to Turnover Mismatch Between Tax Portals
Rectification of inadvertent error in GST returns permitted as there is no loss to revenue
Interest on IGST Refund Can’t Be Rejected on Jurisdiction Ground: Bombay HC
ITC Allowed on Food & Beverages as Part of Event Management Package: AAR West Bengal
CKD E-Rickshaw Treated as Finished Vehicle When Essential Parts Present: GST AAR West Bengal
GSTAT Closes GST Profiteering Case as buyer confirmed receipt of ITC benefits
No Profiteering Found Where Housing Project Is Fully Post-GST: GSTAT
Karnataka GST Appellate Tribunal Now Operational in Bengaluru With Two State Benches
SC Ruling Puts GST Appellate Tribunal Framework at Risk
GSTAT Orders Lenient Scrutiny of Appeals Filed on New Portal
Can Penalty be Levied on Delayed Annual GST Return?
Excess Stock ≠ Confiscation: SC Settles GST Section 130 Misuse Debate
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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