Goods and Services Tax
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Refund of GST Pre-Deposit Cannot Be Denied on Limitation Grounds: Jharkhand HC
Rajasthan HC Examines Validity of Additional Director, DGGI’s Powers as ‘Proper Officer’ for SCN issuance
Distributor of L’Oreal India products Found Guilty of Not Passing GST Rate-Cut Benefits
Mere Intention to Appeal Cannot Withhold Refunds: Section 54(11) Explained
Allahabad HC Bars Remand in GST Registration Cancellation Appeals
Best Judgment Assessment Under GST Deemed Withdrawn Once Returns Filed
GST 2.0: Anticipations from 56th GST Council Meeting
ICAI Suggestions for GST Framework Improvements
GST Order passed against name of deceased despite intimating death was invalid
Madras HC Sets Aside GST Assessment Passed a Day Before Hearing
GST Advisory –System Enhancement for Order-Based Refunds
Clerical error in filing GSTR-3B was allowed to be rectified in line with GSTR-1
Transfer of Leasehold Rights of Industrial Plots was not taxable as supply under GST u/s 7(1)(a)
Liberty to file GST appeal granted as option of admitted liability inadvertently not changed
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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