Goods and Services Tax
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Gujarat GST AAAR Upholds ITC Eligibility for Power Line Capital Goods Installed Outside Factory
Supreme Court Bars Bank Account Attachments After 10% GST Pre-Deposit
Delhi HC Sets Aside GST Demand for Lack of Personal Hearing
Taxpayer Cannot Be Denied ITC Re-Credit Due to GST Portal Glitch: Delhi HC
Retrospective GST Registration Cancellation invalid if Not Proposed in SCN: Delhi HC
GST Recovery from Electronic Credit Ledger Upheld by Chhattisgarh HC
GST Appeal Cannot Be Dismissed for Want of Certified Copies: Jharkhand HC
No GST Applicable When Equipment/Vehicle Is Sent for Repair: Allahabad HC
Non-Filing of Part-B of E-Way Bill a Technical Lapse, Not Tax Evasion: Allahabad HC
P&H HC Directs GST Authorities to Consider ITC Unblocking Within a Week
Issue of Single SCN for Multiple Years: Divergent Observations by Bombay HC
Double Taxation and Undue Enrichment under GST
GST Rate Rationalisation: An Eye-Opener on Illusion of Tax Cuts
Delhi HC Upholds Consolidated GST Show Cause Notices for Multiple Financial Years
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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