Goods and Services Tax
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Bombay HC Stays GST Demand on Corporate Guarantees
Online GST Registration for E-commerce Businesses: A Guide
Madras HC denies ITC, citing lack of e-way bills & transport documents
Input Tax Credit Claims: A Roller Coaster Ride for Taxpayers
GST Amnesty Scheme: Key Provisions and Deadlines
ITC Mystery: Does RBI Fit the Banking Company Definition?
Personal Hearing Required Before Adverse GST Order: AP HC
Chhattisgarh HC Dismisses GST Writ Petition Over GSTR-3B Error
GST Registration Revoked Post Dues Payment: Delay in Application Condoned
Orissa HC Allows GST Registration Cancellation Revocation upon payment of dues
Bombay HC Allows GST Appeal Pre-Deposit Despite Lien on Bank Account
Consider GST appeal on Merits if Pre-Deposit Initially Missed but Later Paid: Bombay HC
Calcutta HC directs Consideration of GST Appeal Delay Condonation Citing COVID-19
Orissa HC Stays GST Recovery, Orders Consideration of Belated Reply
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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