Goods and Services Tax
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Ex-Parte GST Assessment Quashed as Taxpayer Was Given Only One Day to Reply
Denial of Cross-Examination Not Fatal to GST Fraudulent ITC Proceedings: Madras HC
FIR alleging non payment of dues in NCLT liquidation proceedings was quashed
ITC Cannot Be Denied Solely for Absence of Lorry Receipts & Weighment Slips: Madras HC
GSTR-1 vs GSTR-3B: What’s the Difference and Which One Do You File First?
Why GST Authorities Cannot Retain Redemption Fine After Dropping Section 130 Penalty
GST in India: Shift toward Destination based Taxation
Can Section 74 Be Invoked for Form 26AS & GSTR-1 Mismatches?
GSTAT Mumbai Issues Notice on Operational Launch & Appeal Filing
Section 122(1A), Penalty on Partners & Double Jeopardy Debate: Is Article 20(2) Really Irrelevant?
Consolidated GST SCN for Six Years Unsustainable: Kerala HC
Coercive GST Recovery Stayed as Section 73 Demand Sought to Override Sanctioned Refund Orders: Orissa HC
Partners Liable for GST Penalty if They Benefited from Tax Evasion: Gauhati HC
ITC Cannot Be Denied Merely Due to Supplier’s Failure to Deposit GST: Gauhati HC
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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