Goods and Services Tax
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Telangana HC allows manual revocation of GST registration despite mismatch in cancellation grounds
HP HC Directs Fresh Review of ITC Claim, Orders Reasoned Decision on GST SCN
Jharkhand HC Orders Surrender in Fake GST Customs Officer Auction Fraud Case
Bombay HC directs GST Appellate Authority to Decide Intermediary Services Issue Independently of AAAR Order
Bombay HC allowed GST Refund Due to Retrospective Rule 89(5) Amendment
GST ITC Denial Due to NGTP Tags Hurts Genuine Buyers’ Rights
GST Not Applicable on Arbitral Damages Without Supply Element: Bombay HC
Employee Transport Recovery Not Taxable as It Is Not in Course of Business: AAR Tamilnadu
GST Not Applicable on Solar Power Supply Due to Exemption for Electrical Energy: AAR Tamilnadu
Fan Drive Assembly Classifiable as Fluid Coupling Due to Functional Characteristics: AAR Tamilnadu
No Option for 18% GST as Outdoor Catering Falls Under Mandatory 5% Entry: AAR Tamilnadu
AAAR Remands GST Case After Finding Contradictory Facts in Dealer Incentive Case
Consolidated GST Notices Valid as Law Does Not Restrict to Financial Year: Karnataka HC
Telangana HC permits manual revocation of GST registration despite time-barred appeal
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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