Goods and Services Tax
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Penalty Cannot Exceed Amount Specified in GST DRC-01: Allahabad HC
SC Ends Ambush GST Arrests, Mandates Service of Section 69 Orders
Reading Balance Sheets for GST Compliance and Reconciliation
Delhi HC Sets Aside Retrospective GST Cancellation Without SCN Proposal
Kerala HC Directs Section 112 GST Appeal Within 60 Days After GSTAT Constitution
Kerala HC Allows GST Refund Reconsideration Based on Online Filing Date Under Rule 97A
Allahabad HC Grants Bail in GST Fake B2C Billing Case After Completed Investigation
Rajasthan HC Quashes GST Orders Against Deceased Proprietor for No Hearing
SC Upholds GST Circular on Proper Officer Assignment Under Section 168
Provisional GST Section 83 Attachment Automatically Ceases After One Year: Madras HC
Failure to File Reply Cannot Extinguish Mandatory Personal GST Hearing: Allahabad HC
Uttarakhand HC Quashes GST Order for Ignoring Timely Reply to Show-Cause Notice
Gujarat HC Quashes GST Order After Omission of Rule 89(4B) Without Saving Clause
Rajasthan HC Condones GST Appeal Delay Where Order Was Merely Uploaded Online
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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