Goods and Services Tax
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Madras HC Sets Aside Ex Parte GST Assessment Due to Bona Fide Non-Appearance
GST ITC Dispute Remanded as Supplier Registration Was Valid During Transactions
From Tax Trap to Global Hub: Redefining Place of Supply for Indian Intermediary services
Section 16(2)(c) CGST Act: Why Genuine Buyers Are Losing ITC Despite Valid Transactions
No GST demand against Mumbai University as GST not leviable on University Affiliation Fees
Is The Current Tax System Really Fair or it Becoming Too Harsh?
Simplified GST Registration Under Rule 14A
Madras HC kept GST Proceedings in Abeyance as SC is Examining Royalty Taxability Issue
HP HC Quashes GST Notice as State Failed to File Claim During CIRP
Bombay HC Quashes GST Demand on Corporate Guarantees for Absence of Consideration
Bakery Products Sold Without Preparation Are Supply of Goods Under GST: Gujarat AAR
GSTAT Rejects Mechanical Price Comparison as DGAP Compared Average & Actual Prices Arbitrarily
Anti-Profiteering Allegations Rejected Because Entire Works Contract Was Executed After GST Implementation
Section 16(2)(c) of CGST Act: A Constitutional Quagmire & Bona Fide Purchaser’s ‘Catch-22’
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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