Goods and Services Tax
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Karnataka HC sets aside GST order citing lack of fair hearing under KGST Act
Madras HC set-aside GST order for breach of natural justice & lack of personal hearing
New Adjudication Procedure in GST: Section 74A
SC directs HC to address jurisdictional issue in a GST assessment order
GST Exemption on Flying Training Services by NFTI: AAR Maharashtra Ruling
GST on Intra and Inter-State Supply of Electricity Energy: AAR Ruling
GST Portal Updates and Advisories Issued by GSTN for April – June 2024
Section 74A GST Act, 2017: New Provisions for Tax & Penalty Determination
Advance Ruling on GST Applicability for M/s Raibag Taluk MSPC Supplying Food Products to Childcare Centers (Aanganwadis)
Screening Test & Medical Institution Accreditation Fees Taxable Under GST: Delhi HC
Calcutta HC Stays GST Demand considering jurisdictional issue in Gopal Samanta case
Budget 2024: Amendments relating to Indirect Taxes (GST & Custom Duty)
State of Bihar & Ors. Vs Commercial Steel Engineering Corporation (Supreme Court)
ITC to bona fide purchasers cannot be denied if selling dealer fails to deposit tax
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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