Goods and Services Tax
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GST Demand Quashed as SCN Issued Beyond Statutory 3-Month Limit: Delhi HC
Delhi HC Quashes Premature GST SCN Issued Before Reply Deadline
Telangana HC Allows GST Registration Revocation Petition Due to CA Miscommunication
Purchase Tax Not Leviable When Seller Fails to Pay Sales Tax: Madras HC
Telangana HC Sets Aside Unsigned Tax Orders and Restores Debited Credits
Delhi HC Orders Fresh Inspection Before GST Registration Restoration
AP HC Orders Refund of Wrongly Recovered GST Amounts
Delhi HC Remands ₹80.9 Cr ITC Dispute Over Ignored Sundry Creditors List
Blocking Beyond ITC Available in credit ledgers is Illegal P&H HC
Oversight of concessional rate is an error rectifiable u/s 161 of CGST Act: Uttarakhand HC
GST Deficiency Memo Must Be Issued Within 15 Days: Delhi HC
Delhi HC Allows Uzbekistan Airways to File GST Appeal Under Section 107
Six-Month Custody Sufficient: P&H HC Grants Bail in GST ITC Fraud Case
GST Arrest Powers Legally Valid Under Article 246-A: Punjab and Haryana 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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