Goods and Services Tax
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Appeal Blocked Due to ‘Nil Disputed Tax’: HC Orders GSTN to Fix Portal
Ocean freight GST Collected Without Authority; Interest Not Restricted by Section 54 Limitation
Advance Ruling Application Withdrawn Due to GST Rate Change on Homoeopathic Medicament
GST Registration Cancellation Quashed Due to Absence of Named Issuing Authority
Infrastructure Fit-Outs Held Immovable, Taxed Under Leasing Services at 18% GST
Staggered Filing of Appeals Before GST Appellate Tribunal
GST and Income Tax on Software Purchases from Foreign Vendors Without PE in India
All About Inverted Duty Structure under GST (including impact of GST 2.0) (Practical FAQs)
Decoding Rule 37A: A CA’s Perspective on India’s Toughest ITC Provision
Fresh GST Demand Quashed Because Section 61 Reply Had Been Accepted
Allahabad High Court Grants Bail in Rs. 32 Crore GST Fraud Case
Kerala HC Upholds GST Registration Cancellation for Delay in Seeking Remedies
GSTAT Appeal Needs Mandatory 10% Penalty Pre-Deposit; DRC-03 Not Adjustable
GST Appeal Limitation Starts From Email, Not Failed Portal Upload: Gujarat 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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