Goods and Services Tax
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Demand Proceedings Suspended Because SC Is Yet to Decide GST on Seigniorage Fee
P&H HC Grants Bail in Alleged Fake Invoice Case as Complaint Was Already Filed
Madras HC Sets Aside GST Assessment as Ex Parte Order Denied Effective Opportunity
Habeas Corpus Allowed as GST Arrest Lacked Mandatory DIN & Place of Arrest Details
GST Interest Upheld as Cash Ledger Deposit Does Not Amount to Tax Payment: AP HC
Statutory Regime Governing Reversal of Input Tax Credit under CGST Act, 2017
Fantasy Sports Liable to GST as Skill Element Does Not Remove Uncertainty in Outcome: SC
GST Audit Valid After Registration Cancellation as Audit Relates to Period of Registration
Rajasthan HC Grants Bail in GST Case as Charge-Sheet Was Filed & Maximum Punishment Is Five Years
Rajasthan HC Grants Bail as Maximum Punishment Under GST Offences Is Five Years
Telangana HC Dismisses GST Writ as Taxpayer Failed to Respond to SCN
Unloading Goods at Different Location Alone Cannot Attract GST Penalty: Allahabad HC
Delhi HC Sets Aside GST Rectification Rejection as No Hearing Was Granted
SC Disposes Petition Challenging Section 16(2)(c) of GST Law
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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