Goods and Services Tax
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ITC Claims Can Be Rectified U/S 39 of VAT Act Despite Impact on State Exchequer: HC
No GST Section 129 Penalty for mere Deviation in E-Way Bill Route: Calcutta HC
Draft of GST Appeal under Section 74 of CGST Act, 2017
Maharashtra Sales Tax Tribunal Remands Rs. 2 Crore CST Demand for Reassessment
GST Applies to Khadi Board Despite Past VAT Exemptions: Kerala HC
Calcutta HC Orders Restoration of GST Registration, Allows 45 Days to Settle Dues
Guwahati HC Directs Revocation of Cancelled GST Registration on Payment of Dues
Orissa HC Allows Revocation of Cancelled GST Registration on Full Tax Payment
Accept Payment via GST DRC-03 instead of DRC-03A as Pre-Deposit for Appeals: Madras HC
Uttarakhand HC Permits GST Registration Revocation on Full Dues Payment
Refund granted as IGST on ocean freight on reverse charge is unconstitutional
Orissa HC Stays Appellate Order, Directs 10% Deposit Due to GSTAT Non-Constitution
Karnataka HC Remands delayed ITC Claim Case Under Amended Finance Act, 2024
GST Registration Revoked: Uttarakhand HC Orders Dues Payment
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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