Goods and Services Tax
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ITC Cannot Be Denied If genuine Supplier’s GST Is Cancelled Later: Allahabad HC
Telecom Towers Not Immovable property, ITC under GST Cannot Be Denied: SC
No Provisions in GST Law for remand back by First Appellate Authority
The Compensation Cess Mess: GST 2.0’s Credit Crisis
Calcutta HC Quashes 200% GST Penalty on Goods Transport: No Mens Rea Found
SC Dismisses UP Trade Tax Appeals, Confirms Purchases on Behalf of Ex-UP Principals
Karnataka HC on GST ITC: Reply Not Needed If Records Exist
Jharkhand HC Grants Bail in ₹11 Crore GST Evasion Case Cites Custody Period
Mumbai Court Grants Bail in alleged ₹9.19 Crore GST Fraud Case
Allahabad HC Quashes ₹50,000 GST Penalty for Lack of Hearing
GST Appeal Period Runs from Actual Communication, Not Mere Portal Upload
GST Officer Ignorant of Law: Allahabad HC Cancels Seizure, Orders Training of Officer
Govt Allows MRP Revision on Unsold GST-Affected Stock
GST Implications for Cloud Kitchens & E-Commerce: A Technical Analysis
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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