Goods and Services Tax
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Madras HC Quashed GST Assessment for Clubbing Multiple Financial Years in One Order
Bombay HC Quashed Section 74 GST SCN for Clubbing Multiple Tax Periods
P&H HC Denied Anticipatory Bail Due to Alleged Fake ITC Circulation
Prosecution, Arrest and Bail in GST
How Does Section 74A Change GST Penalty Calculations Compared To Old Law
GST Exemption on Leasing of Residential Property Used as Hostels: SC Settles Law
Advisory on RSP-Based Valuation of Notified Tobacco Goods under GST
ITC Unblocked as Credit Ledger Remained Frozen Beyond One Year Limit
HSN Code 9971: Service of Health Insurance
GST SCN Contested for Want of Proper Officer Jurisdiction: Calcutta HC
Calcutta HC Stayed GST Final Intimation for Jurisdiction & Procedural Lapses
Allahabad HC Quashed GST Demand for Exceeding Show-Cause Notice Limit
GST Not Payable on Statutory Fees Collected by Electricity Regulators: P&H HC
Corporate Guarantee to Subsidiary Under GST Lens: Bombay HC to Decide
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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