Goods and Services Tax
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Cess Not Shown in GSTR-3B but Corrected in GSTR-9 Is Revenue Neutral: Calcutta HC
Form F Delay Doesn’t Invalidate Branch Transfers: Gujarat HC
GST Order Quashed After Hearing Notice Stated Attendance ‘Not Required’
GST Registration Restored After Delay Due to Medical Issues & CA Dispute
Rajasthan HC Confirms Entry Tax on Inter-State Stock Transfers Beyond Six Months
Ex-Parte GST Order Remanded Due to Inaccessible SCN and Illness
GST SCN Reply Opportunity Granted with Heavy Costs by Delhi HC
Delhi HC Permits Consolidated Appeal Despite Multi-Year GST Demands
Benefit of omission of rule 96(10) of CGST Rules to be extended to all pending proceedings
Blocking ITC Beyond Available Credit Held Illegal by P&H HC
Orissa HC Allows GST Appeal with 10% Deposit
Empanelment of CAs/Cost Accountants for Special GST Audit
Gujarat HC Questions GST Demand Over ITC Distribution between branches
ITC Reversal due to supplier default: Madras HC Allows Appeal With 50% Deposit
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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