Goods and Services Tax
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Seven-Day Timeline for Passing MOV-09 Order Mandatory: GSTAT
GST on Corporate Guarantees: Taxability, Valuation & Trends
Section 74 CGST: SC Ruling on Limitation and SCN Validity
SC Quashes GST Section 74 SCN for Vague Fraud Allegations
Legal Possession Sufficient for GST Registration Despite Landlord Dispute: Kerala HC
Consequences of GSTR-3B Late Filing & Delayed Payment of Self-Assessment Tax
SC Quashes Vague Section 74 GST SCN Alleging Fraud Without Particulars
GST DRC-01A and Speaking SCN: Courts Clarify GST Procedure
Telangana HCt Allows Fresh GST Revocation Application After Bank Details Omission
Section 74 Cannot Be Invoked by Merely Using the Word “Fraud”: SC
Advocate Acting as Insolvency Professional Liable to GST Under Forward Charge: Delhi HC
Allahabad HC Sets Aside Turnover Enhancement Based on Suspicion Without Adverse Material
Allahabad HC Dismisses GST Writ Over Same Date for Reply and Personal Hearing
Uttarakhand HC Allows GST Registration Revocation Application
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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