Goods and Services Tax
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GSTN Enables Filing of Appeals Against “NIL” or “Zero” Demand Orders: A Welcome Relief for Taxpayers
Jharkhand High Court grants interim stay on GST proceedings against dead person
GSTAT Kolkata Remands ITC Interest and Penalty Computation Under Section 128A
GSTAT Quashes Section 129 Penalty Where E-Way Bill Reuse Was Not Proved
Rule 37A GST: Critical ITC Reversal Rule Businesses Must Know to Avoid Costly Interest
Penalty Cannot Exceed SCN Amount under Section 75(7) UPGST Act: Allahabad HC
Karnataka HC Directs Reimbursement of GST Differential to Contractor
Bombay HC Sets Aside GST Appeal Rejection Over Alleged 10% Pre-Deposit Shortfall
Madras HC Allows GST ITC Rectification Application for Wrong Tax Head Credit
Madras HC Upholds GST ITC Blocking under Rule 86A
GSTAT Restricts Anti-Profiteering to HIG Units, Orders ₹70.58 Lakh Pass-Through
Delhi HC sets aside Railway rolling stock sales tax demands for transaction segregation
GSTN Enables Appeals Against NIL or Zero Demand Orders
Section 194Q vs 206C(1H): TDS & TCS on High-Value Goods Transactions
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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