Goods and Services Tax
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No GST Penalty for Stock Transfers With Minor E-Way Bill Mistakes: Allahabad HC
Writ Rejected Due to Absence of Clause for GST Rate Increase Compensation
ITC Denial under UP VAT Unsustainable When No Defect Found in Books: Allahabad HC
Allahabad HC Sets Aside GST Assessment as Demand Exceeded Notice Amount
Allahabad HC Set Aside GST Seizure for Failure to Verify E-Way Bill Reuse allegations
Attaching 11 Bank Accounts for ₹3.1 Crore ITC Allegation Is Prima Facie Disproportionate: Delhi HC
GST Registration Cannot Be Cancelled for Mere Non-Updation of Bank Details: Telangana HC
Delhi HC quashes GST Order Due to Vague SCN & Absence of Personal Hearing
Regular Bail Granted After Compliance with Interim Bail Conditions in Fake ITC Case
GST Demand Quashed for Using Assumed RMC Ratio Without Proof of Suppression
Madras HC Quashes GST Appellate Orders for Denial of Hearing
Pre-Deposit Cannot Be Retrospectively Applied to GST Penalty Appeals: Calcutta HC
Madras HC Directs Fresh Examination of Overlapping/Duplication of GST Demand
Kerala HC Allows ITC Claims Under GST Circulars Despite Lapsed Deadlines
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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