Goods and Services Tax
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CBI Arrests Inspector CGST While Accepting Bribe
No interest on ITC wrongly claimed but not utilised & reversed subsequently
Confiscated goods and vehicles can be released by depositing 25% of Tax: HC
Appellant can remit amount of pre-deposit from attached bank accounts for filing appeal
Classification of Water Sold under GST: AAAR directs AAR for re-examination
Principles of natural justice violated: AAAR set aside order of AAR
AAAR set aside original ruling for violation of principles of natural justice
Violation of Natural Justice: AAAR Refers Matter back to AAR
Two-Wheeler Seat Covers classifiable under CTH 87141090, 28% GST applicable
Dismissal of Appeal of Arun Cooling Home by AAAR: Time Limitation Grounds
Condonation of Delay in Appeal Filing with AAAR: Lions Seat Cushions Pvt Ltd
GST & ITC on Employee Services: AAR Tamilnadu Ruling
Car Seat Cushion Suspension wires & Steel hooks: GST Rate & Classification
No ITC on inputs used for constructing godowns meant for commercial rent
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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