Goods and Services Tax
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Section 74 Proceedings Invalid Without Fraud or Willful Misstatement: Allahabad HC
Section 54 of CGST Act doesn’t envisage refund of unutilized ITC for closure of business
Late fee leviable for non-filing of GSTR-9 return even after expiry of three years from due date
Delhi HC permits GST officials to examine CPU of Advocate with conditions
Delhi HC Sets Aside GST Demand on PSU, Remands SCN for Personal Hearing
Manual GST appeals filed in time are valid even if subsequent web copy is delayed
Madras HC Quashes Bunched GST Notices for Multiple Years
GST Anti-Profiteering: A Computation Roadmap for Businesses
Gujarat HC Puts Hold on GST Show-Cause Notices Issued After Audit Deadline
Delhi High Court Sets Aside GST Demand for Vague Order
Petition against GST SCN without providing reply is held to be premature
Impact of Rate Rationalization in GST 2.0 Regime on Textile Sector
GST Rate Cut: Look Carefully at Price Before Buying Products
ITC Allowed for FY 2017-18 to 2020-21 if GSTR-3B Filed by 30 Nov 2021: Madras 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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