Goods and Services Tax
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ITC Cannot Be Denied if Delayed GST Returns Filed by 30.11.2021: Kerala HC
GST Section 83 Provisional Bank Attachment Quashed for Lack of Basis: Madras HC
ITC Cannot Be Denied for GSTR-2A Mismatches Caused by Portal Glitches: Madras HC
Madras HC Dismisses Challenge to GST SCN Involving Disputed Facts
Portal Upload Without Hard Copy Justifies Delay in GST Appeal: Madras HC
GST Order & Demand Cannot Stand After Defective DRC-01 Notice: Calcutta HC
Section 129 GST Detention Procedure & Karnataka HC Safeguards for Genuine Taxpayers
Service Tax Payable on CNG Marketing as Business Auxiliary Service: SC
Ledger Illusion: 18% GST Interest Applies Despite Cash & ITC Balance: Section 50(1)
Customs Broker Licence Revocation Set Aside for Breach of Regulation 17 Timeline: Delhi HC
Is Interest Payable on Delayed Payment of IGST on Exports?
Telangana HC Allows Fresh GST Registration Revocation Application After Delay Rejection
Telangana HC Allows Delayed GST Appeal, Grants Interim Relief Against DRC-13 Recovery
Telangana HC Allows Manual GST Registration Revocation Application After Portal Time Limit Expiry
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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