Goods and Services Tax
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GST on High Sea Sales: Implications & Clarifications
GST SCN covering multiple financial years frustrates limitation period: Madras HC
Rooftop Solar ITC Allowed for Mall Common Area Maintenance
AO Not Bound by Appellate Remarks in De Novo VAT Assessment: Madras HC
GST Cancellation Revoked as Returns Filed & Dues Paid Up to Cancellation Date
Ex-Parte GST Orders Invalid if SCN uploaded solely on ‘Additional Notices Tab’ without ensuring petitioner’s awareness
Odisha HC Denies Pre-Arrest Bail to GST Operator in ₹1.29 Crore Fraud Case
Illness/Disability & Non-Response to Notices: GST Matter Remanded
Madras HC Allows Challenge to GST Section 74 Orders with Pre-Deposit Condition
Restore GST Registration if Dues Cleared Despite Cancellation for Non-Filing: Gauhati HC
Madras HC Quashes Order for Non-Filing of TRAN-1 & Allows Conditional Reassessment
GST Confiscation Order Not Invalid Without Express Conveyance Reference
Karnataka HC Quashes GST on Secondment Services
GST TDS: Gross vs. Net Value Confusion for Businesses
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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