Goods and Services Tax
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GST Arrests Quashed for Harassment of Bona Fide Recipients in non‑existent supplier cases
Assessment Orders Quashed as GST Returns were already Filed After Delay: AP HC
Interest payable on refund of IGST paid on ocean freight: Orissa HC
Section 9(2) of CST Act doesn’t create statutory charge hence unpaid CST dues are unsecured debt
NO GST on Royalty Deductions in Government Contracts
GSTAT Mandated Uniform Per-Square-Foot Benefit for All Flats in GST Profiteering Probe
Units Sold After Occupancy Certificate cannot be included in GST Profiteering Probe
GST Demand Order Quashed as passed within within three months of Section 73 SCN
Direct GST Interest Recovery from Bank Quashed for Lack of Adjudication – ITC Misuse Case
GST Demand on Municipal Advertisement Kept Open Pending Hearing
GST Portal Vigilance Mandatory; Gujarat HC Rejects Delayed Appeal
AP HC Quashed Best Judgment Assessment After Belated GST Returns Filed
GST Appeal Rejection Set Aside for Failure to Consider Condonable Delay
Calcutta HC Set Aside Ocean Freight IGST Demand as SC Ruling Applied Retrospectively
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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