Goods and Services Tax
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ITC Cannot be Denied Solely on Seller’s Default: Landmark Allahabad HC Ruling
Calcutta HC Directs WBSRDA to Reassess GST Reimbursement for Post-July 2017 Works Contracts
Imperative of Reasoned Orders in Indian Tax Jurisprudence: SC Insights
Evolution of GST in India: Indirect Tax System Overview
GST on Motorcycles, Scooters, and Electric Two-Wheelers in India
Madras HC Condones 285-Day Delay in GST Appeal for substantive justice
Advisory on filing of Amnesty applications under Section 128A of CGST Act
Sikkim HC Allows Refund of Unutilized ITC on Business Closure
Calcutta HC Remands GST Appeal Due to Unreasoned Ex-Parte Order
GST Registration Woes: Bureaucracy, Frustration & Allegations of Corruption
SC mandates pre-decisional hearings before blocking Electronic Credit Ledgers
CBI Arrests CGST Superintendent, Advocate for Bribery
GST Portal Refund Validation Fixed for QRMP Taxpayers
GoM on Compensation Cess: Composition Updated
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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