Goods and Services Tax
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Nightmare on Tax Street: Safari Retreats Faces the GST Ghoul!
Weekly newsletter from Chairman, CBIC dated 07.10.2024
Audit Memo Errors Don’t Impact GST SCN Validity: Delhi HC
Vitamins & Minerals Pre-Mix Are Unclassified Goods under UPVAT: Allahabad HC
Delhi HC Sets Aside GST Registration Cancellation Due to Insufficient SCN Details on Alleged Fraud
Calcutta HC Quashes Attachment Order for Failure to File GST Appeal Due to Illness
Absence of Dubious Act: Calcutta HC Directs Restoration of GST Registration
Madras HC Orders 25% Pre-Deposit from ECL for Reconsideration Due to Accountant’s Failure to Inform on GST SCN
Allahabad HC Dismisses Petition Against GST Demand as Petitioner Fails to Submit Documents
Madras HC Directs GST Dept to Expedite Review of 14.5% Interest Levy Dispute
Madras HC Condones GSTR 3B Filing Delay, Rescinds Order under Section 62
SC on Input Tax Credit for Immovable Property Construction
SC allows ITC benefit on commercial property construction
GST Invoice Management System (IMS): Challenges & Solutions
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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