Goods and Services Tax
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GST Registration not to be cancelled based on vague SCN issued by Revenue Department
Key Year end GST Activities
Maharashtra State Tax on Professions, Trades, Callings and Employments (Amendment) Rules, 2024
Format of Draft Rectification Application under section 161 of GST Act
GST action points before end of FY 2023-24
Representation to Resolve GST Section 16(4) Issues
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
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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