Goods and Services Tax
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Form GST DRC-01 issued without show cause notice: Madras HC quashes Order
Budget 2024: Removal of Indexation & TDS Provisions for Partnership Firms
GST Appellate Tribunal Established wef 1st Sep 2024: State-wise Bench Details
Notice proposing confiscation of goods without specific reason is untenable: Andhra Pradesh HC
Amnesty Scheme Payable Amount Can Be Adjusted from KVAT Refund: Kerala HC
KVAT Penalty Deleted as Form 16 Declaration Showed Goods Intended for Own Use: Kerala HC
Unsigned Income Tax Notice and order are Invalid: Telangana HC
Delhi HC Modifies Retrospective Cancellation of GST Registration to SCN date
Orissa HC Sets Aside Order Rejecting GST Appeal for Delayed Filing Considering COVID-19 Restrictions
Rule 86A(3): Blocking of ITC Permissible for a Maximum Period of One Year
Orissa HC Quashes Section 73 GST Order for Lack of Hearing Opportunity
GST Registration Cancellation: HC Remands case for Failure to Consider Response
Madras HC remands GST demand order with Rs. 1.5 lakh Pre-Deposit
HC directs 25% deposit for release of vehicle and Goods
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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