Goods and Services Tax
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Amendments to Pre-Packaged and Labelled Definition & IGST Rates for FRK
Amendments to Pre-Packaged and Labelled Definition & GST Rates for FRK
HC Dismisses Writ Against Fake ITC SCN for Lack of Response & Factual Determination
ITC Discrepancy under GST: Allahabad HC dimisses Writ Petition
Allahabad HC Directs 50% Tax Deposit for Reconsideration of SCN under GST
Minimal Hearing must for GST Assessment Orders with Liability: Allahabad HC
Allahabad HC Directs Fresh Notice in GST Case for failure to upload notices correctly
Allahabad HC Quashes GST Cancellation Order Due to Misunderstanding of Taxpayer Status
Supply of solar generating power station is composite supply: Andhra Pradesh HC
Calcutta HC Sets Aside GST Notices & Orders Due to Procedural Violations in Issuance
GST Amnesty Scheme – Section 128A
Leasehold Rights and GST: Analyzing Gujarat High Court’s Verdict
Madras HC Permits Adjustment of GST Payments Toward 10% Pre-Deposit
Madras HC allows Final Hearing for GST Mismatch with 25% Tax 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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