Goods and Services Tax
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ITC was allowed on Insurance for Stock and Premises as sec.17(5) was limited to Motor Vehicles
E-Way Bill Lapse Not Justifies Higher Section 129(1)(b) Penalty: Allahabad HC
Rejection of tender bid justified since mandatory tender condition of filing of GSTR-3B not satisfied
GST Order Quashed After Notices Went Unnoticed on Portal’s Additional Tab
GST Seizure Quashed as Transporter Not Owner of Goods: Allahabad HC
Cases involving large scale availment of ITC or evasion of GST are relegated to appellate remedy
Delhi HC Orders Controlled Forensic Review of Advocate’s CPU Post GST Raid
Delhi HC Questions Customs Dept’s Power to Issue IGST SCN in Export Classification Dispute
Delay in GST Appeal Condoned Due to Advocate Illness & Short Hearing Notice
Allahabad HC Rejects GST Section 74 Action Due to Absence of Fraud or Suppression
Belated GST Appeal Accepted by Court with Payment of Costs
Best-Judgment GST Assessment Automatically Withdrawn After Delayed Return Filing
Allahabad HC Grants Bail in ₹120 Crore GST Evasion Case
Allahabad HC Slams Authorities for Seizing Goods Despite Valid GST E-Way Bill
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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