Goods and Services Tax
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HC Grants Bail in Alleged Fake ITC Case of ₹23,27 Cr Due to Prolonged Custody
GST Order Quashed for Ignoring Adjournment Request While Assessee Was Abroad
Allahabad HC Quashed GST Demand for Ignoring Reply & DRC-03 Payment
Calcutta HC Quashed GST Adjudication as Notices Uploaded in Wrong Portal Tab
GST exemption available as Society controlled by State Government covered within Government Entity
GST Demand Set Aside for No Fresh Hearing; Natural Justice Mandatory Under Section 73
GST Demand Set Aside for Ex Parte Order; Matter Remanded with 10% Pre-Deposit
GST Appeal Rejected for ITC Pre-Deposit Set Aside; Hearing on Merits Directed
Provisional GST Bank Account Attachment Invalid After One Year: Telangana HC
GST on Design, Supply, Installation & Commissioning (DSIC) of Solar Power Plant
GSTN Issues Consolidated GSTR-9 & 9C FAQs for FY 2024-25
Inadvertent mistake in GSTR-1 return permitted to be amended
GST Writ Dismissed with Exemplary Costs for Misleading Claims on ITC & Business Closure
GST Registration Cancellation does not nullify tax liabilities for prior periods: Bombay 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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