Goods and Services Tax
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Why Bill of Entry (BoE) is not reflecting in GSTR 2B?
What is Bill of Entry (BoE) under GST?
Burden of Proof on Recipient under GST: How Far Must a Bona Fide Buyer Go?
GSTAT Orders ₹12.20 Lakh Profiteering Refund for Failure to Pass ITC Benefit
₹6.53 Crore ITC Fraud: Director Held for Availing Credit Without Goods Receipt
Validity of Circular No. 3/3/2017 Dated 05.07.2017 issued by Board & not Commissioner
Section 74A CGST: Proper Officer & Jurisdiction Validity
ITC Reversal Set Aside as Revenue Failed to Prove Collusion or Fake Invoices: Calcutta HC
Section 122 CGST: Proper Officer, Jurisdiction & Validity of Proceedings
Anti-Profiteering Complaint Dismissed After Re-Investigation Shows No ITC Gain
GSTAT Remands Case as Section 74 Not Sustainable Due to Absence of Fraud
Three-Month Gap Between GST SCN and Order Mandatory: Bombay HC
Karnataka HC Set Aside ITC Reversal for Not Following Circular 183 on GSTR-3B vs 2A Mismatch
Summary DRC-01 and DRC-07 Without Reasons Invalid Under Section 75(6) Calcutta 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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