Goods and Services Tax
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HC Quashes GST Registration Cancellation order for Lack of Reasons
Understanding ITC Reversal: Rule 37(A) Compliance Guide
Online Compliance Advisory: ITC Mismatch Resolution with GST DRC-01C
CGST Rule 144A(1): Non-Payment Consequences & Enforcement Procedures
GST Rule 42 and 43: Reversal of Input Tax Credit
Kerala HC rejects Application for Transitional Credit filed after 5 years
Non-Constitution of GST Appellate Tribunal: Patna HC grants relief to Petitioner
Orissa HC Stays GST Demand: 20% Deposit, GSTAT Non-constitution
Timely Resolution: GST Appeals under Section 107(13)
Gujarat High Court Halts GST Recovery Amid Tribunal Dysfunction
GST Penalty Quashed, Emphasizes Hearing Rights: Allahabad HC
Allahabad HC: Tribunal Can Consider Late VAT Forms under UPVAT
Orissa HC Stays GST Demand, Cites GSTAT Non-Constitution
Kerala HC Upholds GST Commissioner’s Assessment Order, Dealing Setback to BSNL
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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