Goods and Services Tax
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Consolidated SCNs for multiple years permissible to expose fraudulent ITC
Summary of SCN in GST DRC-01 doesn’t substitute proper SCN: Gauhati HC
CBIC Newsletter: Drug Awareness, Tax Evasion, Seizure
Gujarat HC Grants Bail in ₹10 Crore GST Fake ITC Case After 8 Months in Custody
Writ Petition on GST ITC Disallowance Dismissed by Calcutta HC – Appeal Remedy Available
Madras High Court Upholds GST Portal Notice Validity
Uttarakhand HC Allows Revocation of GST Registration Cancellation on Compliance
Gauhati HC Quashes GST Orders Passed Without Proper SCN & Hearing
Sale of Property by Tax Defaulter Voidable Under Transfer of Property Act: Madras HC
Madras HC Allows Belated ITC Claims Under Tamil Nadu GST Act
HP HC Sets Aside GST Order Passed Without fair opportunity to be heard
Calcutta HC Directs Restoration of GST Registration After Petitioners Prove Business Existence
GST Classification Dispute: Madras HC Orders Fresh Hearing on Flavoured Milk Tariff
Uttarakhand HC Condones Delay in Filing GST Cancellation Revocation Application
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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