Goods and Services Tax
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SC Issues Notice in GST Dispute Over Road Restoration Charges Paid to Municipality
VAT & CST Benefits Cannot Be Denied Without Withdrawal Notification: Chhattisgarh HC
Orissa HC Quashes GST Demand Order Due to Delayed Service of Hearing Notice
Composite GST Assessment Order Set Aside as It Covered Multiple Financial Years
HC Directed GST Refund as Rejected Seeds Were Not Sold in Branded Unit Containers
Section 132 GST: When Tax Disputes Become Criminal Cases
GST Registration Cannot Be Cancelled for Closed Premises Alone
Bombay HC Quashes GST ITC Blocking as Restriction Continued Beyond One Year
Updated Annexure B for GST Refund of Unutilised ITC: Transition to JSON Filing, Key Changes & Challenges
Deriving Benefits From Departmetal GST Audits
AP HC Quashes GST Recovery as GSTR-3B returns Filed With Late Fees
Karnataka HC Sets Aside GST Credit Ledger Blocking Due to Absence of Prior Notice
Karnataka HC Upholds GST Bank Attachment as No Prior Section 83 Hearing Is Required
Telangana HC Grants Bail in ₹21.89 Cr Fake ITC Case Post Investigation Completion
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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