Goods and Services Tax
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ITC Transition not to be denied in case of Input Service Distributor (ISD)
GST demand cannot be raised based on figures in Profit and Loss Account
Andhra Pradesh HC Denies Police Custody in Rs. 8 Crore GST Scam Case
Bihar Settlement of Taxation Disputes Act, 2024
Rajasthan HC Grants Bail in Alleged ₹1046.74 Crore GST Evasion Case
HC Grants Bail in ₹21.16 Crore GST Scam with Fake Firms & Illicit ITC
Bail Granted in Case of Orchestrating Scheme to Evade GST with Fake Firms
Rajasthan HC Grants Bail in Rs. 72 Crore Alleged Fake Invoicing Case
SC Grants Bail to Accused in Input Tax Credit Scam under CGST Act
Petitioner availed Lower ITC than GSTR 2A Amounts: conclusion of AO of wrongful ITC availing indicates non-application of mind
GST Section 75(4): Disjunctive ‘Or’ Signifies Dual Scenarios Requiring Personal Hearing
Claiming Excess ITC in GSTR-3B compared to GSTR-2A/2B
GST on Corporate Guarantees: A Comprehensive Guide
Show Cause Notice Under GST Regime- A Comprehensive Analysis
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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