Goods and Services Tax
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Weekly Newsletter from CBIC Chairman – June 10, 2024
TNVAT – Tax Department Can Summon Records Post Assessment: Madras HC
Delhi HC Quashes ₹12 Lakh GST Demand Due to Improper Notice & directs re-adjudication
Delhi HC Directs Disposal of GST Registration Cancellation Application
Proper Officer’s Incomplete Consideration of Petitioner’s Reply: Delhi HC directs Re-adjudication
Tax reports can be upheld without cross-examination if principles of natural justice followed
Interest Calculation from DVAT Tribunal Order Date: Delhi HC
DGGI Officer empowered to issue SCN: Madras HC
Transfer of Unutilized ITC During Demerger: Procedures, Rules & Practical Insights
Negative Blocking of Electronic Credit Ledger under Rule 86A GST Act
IGST credit reversal not required when credit is wrongly claimed instead of CGST & SGST
जीएसटी अधिनियम 2017 में ऑडिट की प्रक्रिया।
Delhi HC Modifies Retrospective GST Cancellation Order
Incomplete E-way Bill: Penalty cannot be imposed for minor technical error
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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