Goods and Services Tax
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Revenue Department Can’t Block ITC Beyond One Year: Karnataka HC
GST Assessment: Types and Procedures
HC directs Swift Inquiry on Misuse of DSC for False GST Returns
Supplies To and FRO SEZ Unit Vis A Vis DTA Unit Under GST
Lifting the veil on taxability of Gift Vouchers: Landmark HC verdict
HC validates Notification No. 14/2017-Central Tax & legality of officers’ appointments
Time Limits for Claiming ITC under Section 16(4) of CGST Act, 2017
Handling Show Cause Notices under Section 73-74 of GST: A Comprehensive Guide
No Profiteering in “Galaxy” Project by Nayan Developers: CCI
Madras HC Reject Bunching of Show Cause Notices to Extend Limitation Period
GST: Unilateral Truck Seizure Without SCN Violates Right to be Heard
GST Notice of Personal Hearing devoid of any details is invalid: Chhattisgarh HC
GST Registration Cancellation can take effect from SCN issuance date
Delhi HC Orders Swift Refund of Rs 8,35,184/- Under Delhi VAT Act
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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