Goods and Services Tax
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Advisory on Introduction of New Tables 14 and 15 in GSTR-1
Mandatory Bank Account Details Submission on GST Portal
January 2024 GST Collections: ₹1,72,129 Crore, 10.4% YoY Growth
Non-filing of GST Returns not sufficient for Retrospective Registration Cancellation
Refusal to grant certified copies of order/note sheet & search warrant is valid: Orissa HC
GST refund cannot be rejected for mere non-uploading of shipping bill details in Form GSTR-1
Delhi HC Grants Anticipatory Bail in alleged GST Fraud Case
Assessment Order liable to be set aside when Notice is not served physically
Payment of Tax & Interest under GST can be made in installments: Calcutta HC
Calcutta HC Directs Consideration of GSTR-9C in GST Short Payment Case
GST Interest Applies Only to Cash Payments & not to Adjustments via Electronic Ledger
GST Penalty Inapplicable for Ground Not Stated in SCN: Allahabad HC
Non-filing of Returns Doesn’t Justify Retrospective GST Registration Cancellation: Delhi HC
Unveiling the Debate on GST Rate Rationalization in India
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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