Goods and Services Tax
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E-way Bill violation: No Penalty In absence of mens rea: Allahabad HC
Arrest cannot be Routine on mere CGST Act Violation Allegations: Bombay HC
Tax leviable at 12 percent on Mango Pulp from beginning of GST
Weekly newsletter from Chairman, CBIC dated 13/05/2024
Doctrine of Merger in case where Apex court dismisses a case based on threshold
Understanding E-Invoicing Under GST: Rules and Compliance
Live webinar: Block Credit in GST under Section 17(5)
जीएसटी एक्ट में आईटीसी (ITC ) क्लेम करने की शर्ते
Assessee cannot be deprived of filing appeal due to non-constitution of Arbitral Tribunal
Madras HC Upholds Taxpayer’s Right to Fair Opportunity
Madras HC Orders Reconsideration: ITC Wrongly Availed on Commercial Vehicle Purchases
Issue Cannot Be Reopened if Previously Decided: Madras HC
Early GST recovery in violation of Section 78 of TNGST Act: Madras HC Orders Refund
Madras HC Quashes GST Assessment Orders: Taxpayer’s Interim Reply Ignored
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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