Goods and Services Tax
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Delhi HC Remits GST Registration Cancellation Order for Re-Adjudication
Two separate SCN for same tax period: Delhi HC directs re-adjudication by one proper officer
GST Section 75(5) allows upto 3 adjournments if Sufficient Cause Shown: Delhi HC
Emery cloth & tarpaulins were exempt from taxation under APGST Act: HC
GST Penalty Shouldn’t Exceed Invoice Value Without proper evidence & reason
Recent Updates in GST till 03rd May 2024
Expiry of waybill: No penalty if no intention to evade tax
GST: Whether book adjustment is treated as payment?
Collection of Entry Fee for Temple Hall Exempt from GST: AAR Rajasthan
GST: Order must be passed with 7 days of service of notice of detention/seizure
Petitioner Liable for Interest on Erroneous ITC/GST Refund: Madras HC
Complexities of GST Notifications
No GST on entry fee collected from visitors/devotees/pilgrim by religious trusts
ITC on Building Repair: AAR Rajasthan allows withdrawal of Application
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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