Goods and Services Tax
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Grounds for Defense: GST on Post-Sale Incentives via Commercial Credit Notes
Madras HC Mandates 10% Pre-deposit for Remand in GST Disparity Case
GST SOP for Newly registered taxpayers: Welcome Letter Guidelines Issued
UPVAT Section 29 reassessment is limited to matters directly impacting turnover assessment or tax liability
Director not Liable for Company’s UPVAT dues Without Wrongdoing Evidence
Unreasoned GST Registration order cannot be sustained in law: Allahabad HC
Taxpayers Must Monitor GST Portal, Unawareness Not Justification: Madras HC
GST: HC rejects writ petition as petitioner was given adequate hearing opportunity
Rajasthan HC: Stay on GST Joint Commissioner’s Enforcement Powers
GST Appellate Authority can Condone Delay beyond Prescribed Limitation Period
Madras HC Grants Opportunity to Contest GST Demand Discrepancy
Madras HC Orders 10% Pre-deposit for GST Demand Reconsideration
GST Applicability on Liquidated Damages, Compensation & Penalties for Breach
GSTR 9C reconciliation statement not considered: HC directs reconsideration
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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