Goods and Services Tax
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When Late Filing Becomes Suppression: Section 74 Risk After Sriba Nirman
Sale of Capital Goods under GST: When to Apply Section 18(4) & 18(6)
GST Refund Orders Quashed as AO Ignored Clarificatory Amendment to Rule 89(5)
Karnataka HC Protects Genuine Buyers from ITC Denial Due to Supplier Default
Gujarat HC Upholds ITC Denial on Supplier Default
Bombay HC Orders ITC Unblocking as Rule 86A Restriction Expired After One Year
GST Confiscation Proceedings Quashed as Stock Discrepancy Must Be Examined Under Sections 73/74
GST on Hosting Services: OIDAR Classification, RCM Liability & Latest Judgments
Legal Analysis of Applicability of GST on Bar Associations
Excess Stock Found in GST Survey Cannot Trigger Confiscation Proceedings: Allahabad HC
Section 130 Cannot Be Used for Excess Stock Detected in GST Survey: Allahabad HC
Excess Stock During Survey Cannot Trigger GST Section 130 Action: Allahabad HC
Allahabad HC Quashed GST Penalty as Wrong Provision Invoked for Excess Stock During Survey
GST Confiscation Invalid as Section 130 Used Instead of Sections 73/74 Procedure: Allahabad HC
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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