Goods and Services Tax
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Delhi HC allows use of Transitional CENVAT Credit for Mandatory Pre-Deposit
Bail Granted to Accountant as Accused Not Main Beneficiary in Fake ITC Case
Retrospective GST Registration Cancellation Set Aside for Not Being Proposed in SCN
SIM Cards & Recharge Coupons Outside VAT Net Under KVAT Act: Kerala HC
Stereo System Held Input for E-Rickshaw, GST Refund Allowed To Manufacturer
Bail Granted Due to Defective Arrest Notice Under BNSS in GST Case: Gauhati HC
GST Registration Restorable despite Six-Month Default Once Returns Are Filed: Gauhati HC
Bank Attachment Quashed After Assessee Agrees to 10% Pre-Deposit Under GST
Electronic GST Appeal Valid Despite Non Submission of Hard Copy: HC
Senior Citizen Gets Conditional Relief After GST Appeal Dismissed as Time-Barred
GST Demand Set Aside & ITC allowed After Supplier Filed Returns With Interest
Anticipatory Bail Granted Due to Documentary Nature of GST Investigation
GST Appeal Held Within Limitation Because Time Spent on Rectification Must Be Excluded
Himachal HC Restricted Parallel GST Proceedings Due to Statutory Bar on Same Subject Matter
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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