Goods and Services Tax
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Disallowance of ITC due to Supplier’s Default under GST
Transfer of Leasehold Rights Not Subject to GST, Akin to Sale of Land: Gujarat HC
Guide to Online Filing of GST Appeals and Applications
Delhi HC Quashes Negative Blocking of ITC
Informant Reward Schemes Must Be Fair, Transparent & Free of Frivolous Objections: Bombay HC
Delhi HC Protects Buyers from Seller VAT Default
Export incentive not deniable for technical breach of section 129 of CGST Act
Bona fide buyers cannot be denied ITC for seller’s failure to Pay VAT: Delhi HC
Bona Fide Buyers Not Liable for Seller’s VAT Defaults: Delhi HC
Delhi HC shields bona fide purchasers from ITC denial due to seller’s tax default
Bona Fide Buyers Not Liable for Seller’s Tax Defaults: Delhi HC
Bona Fide Buyers Shielded from Seller’s VAT Default: Delhi HC
Buyer’s ITC Safe if Seller Defaults on Tax: Delhi HC
Delhi HC on DVAT: ITC Can’t Be Denied for Seller’s Default
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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