Goods and Services Tax
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Madras HC Directs Revocation of GST Registration Cancellations on Compliance of Conditions
GST SPL-02 Letter Format for GST Amnesty Scheme 2024
Legality of Seizure of Cash or Other Valuables under GST Law
Delay Beyond 1 Month in GST Appeals Not Condonable: Chhattisgarh HC
Proper Service of Notice Crucial for GST Assessment Validity: Madras HC
HC Quashes Writ on GST Penalty for Non-Claim of Goods, Directs Alternative Remedy
Separate GST Orders should be issued for each year Despite Composite SCN: Kerala HC
ITC Reversal: Madras HC allows opportunity on payment of 25% of disputed taxes
Patna HC Allows Withdrawal of GST Writ with Liberty to Appeal before GSTAT
Uttarakhand HC Allows GST Registration Revocation Subject to Payment of Dues
GST: Provisional Attachment of Demat Accounts Without Opportunity Unjustified – Madras HC
ITC on Fake Invoices: Madras HC Remits Case with 25% disputed tax payment Condition
GST SCN Challenged for Ignoring Pre-Consultation Reply; Adjudication Allowed with Interim Relief
Calcutta HC upholds GST SCN for Commission Income & directs adjudication
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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