Goods and Services Tax
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Alleged GST evasion of ₹17 crores: Rajasthan HC grants bail to accused
Alleged GST evasion of Rs. 21 crores: Rajasthan HC grants bail to accused
Lalit Goyal’s Petition Dismissed: SC directs Trial Court to expedite trial proceedings
Vinay Kant Ameta Bail: Supreme Court Grants Conditional Release
Seamless Flow of Input Tax Credit in GST
Benefit under West Bengal State Support for Industries Scheme, 2008 duly admissible post GST: Calcutta HC
Madras HC Quashes GST Demand Order: Fresh Assessment Directed
Madras HC allows conditional restoration of GST Registration
Whether issuance of pre-SCN intimation is mandatory or optional
Failure to consider petitioner’s reply on merits: HC directs Re-adjudication
HC directs refund of Involuntary GST paid during search with Interest
Tax Compliance: 10 Things to Remember before 31st March 2024
Section 129 of CGST Act cannot be invoked when no intention to evade tax
Time Spent on Appeal to Wrong Authority not to be included in Limitation Period Calculation
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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