Goods and Services Tax
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Circular Denying ‘Deemed Export’ Refund Can’t Apply to Zero-Rated Actual Exporters: Gujarat HC
Interplay of Sections 73, 74 & 75 of CGST Act – Limitation, Appellate Powers & Illusion of Revival
Appellate Authority Can’t Enhance GST Demand Without Prior Notice: Calcutta HC
GST Portal Enables Online Opt-In for ‘Specified Premises’ (Hotels)
A Practical GST Point Many Builders & Developers Overlook (80-20 Rule) — And End Up Paying For
GST Demand Set Aside Due to Inadequate Reply, Matter Remanded with Conditions
Madras HC Set Aside ITC Denial due to Retrospective Extension of GST Limitation Period
Delhi HC Grants Interim Relief Against GST Demand on Minimum Bank Balance Charges
Assessment Invalid as GST Proceedings Initiated After Taxpayer’s Death: AP HC
Allahabad HC Quashed GST Demand for Being Issued Against a Deceased Person
ITC Refund Denied on Intermediary Tag Set Aside for Exported Services
P&H HC Denies Bail to Director in Alleged Rs. 55 Crore Service Tax Evasion Case
ITC Blocking Beyond One Year Invalid Without Fresh Grounds: P&H HC
GST Order Invalid Where Final Demand Exceeded Proposed Amount: Allahabad 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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