Goods and Services Tax
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GST demand alleging suppression of sale based on power consumption not sustained: Madras HC
Payment of Section 129(3) demand does not restrict right to appeal: Gauhati HC
CGST Act Section 74 Applicable for Willful Suppression of Sales to Evade Tax
Delhi HC Sets Aside GST Registration Cancellation Notice for lacking specific allegations
Bombay HC Quashes Provisional Attachment in GST Case
CBIC Chairman’s Weekly Newsletter – 14th October, 2024
Delhi HC Dismisses Petition Challenging Bail in ₹200 Crore Fake GST Case
New GST Invoice Management System Launched on 14th Oct 2024
Delhi HC Sets Aside GST Registration Cancellation Over Inadequate SCN Details
GST registration cancellation cannot be withheld for assessing liability: Delhi HC
Allahabad HC Remands Appeal Over Non-Disclosure of New GST Registration
Madras HC quashes adverse GST Order for Non-Appearance, Directs Reconsideration
TDS under GST on Metal Scrap: Notification No. 25/2024-Central Tax
Notification No. 23/2024-Central Tax: Late Fee Waiver for GSTR-7 Returns
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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