Goods and Services Tax
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Inverted Reward: When Cheaper for Customer Becomes Costlier for Manufacturer
How Banks Use GST Data to Approve Loans – The Hidden Financial Analysis Every MSME Must Understand
GST Portal Limitation Cannot Block Revocation Relief: Telangana HC
Telangana HC Sets Aside Rejection of GST Revocation Application for Non-Reply to SCN
GST Portal Restriction Cannot Defeat Revocation Request: Telangana HC
Telangana HC Permits Manual GST Revocation Application Beyond Portal Limitation
Telangana HC Permits Manual GST Revocation Application Despite Portal Limitation
Telangana HC Allows Manual GST Revocation Application After Portal Restriction
Telangana HC Allows Manual GST Revocation Due to Covid Hardship & Accountant Failure
Telangana HC Sets Aside GST Refund Rejection Orders for Non-Consideration of Taxpayer Replies
Whether ITC is required to be reversal on Normal Process Loss: A Practical & Legal Analysis
Ex Parte GST Assessment Set Aside Due to GSTR-7 TDS Reporting Variations: Madras HC
GST Portal Technical Failure Cannot Prevent QRMP Exit: Calcutta HC
Telangana HC Allows Assessee to Pursue GST Appeal Over ITC Mismatch Dispute
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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