Goods and Services Tax
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Corporate Guarantee to Subsidiary Under GST Lens: Bombay HC to Decide
Service Tax Demand After Death Unsustainable; Legal Heir Not Covered u/s 65(7): Orissa HC
GST Order Cannot Go Beyond SCN; Statutory Breach Not Technical: Calcutta HC
Calcutta HC Set Aside GST Appeal Order for Penalty Enhancement Without Hearing
GSTAT: Profiteering Allegation Rejected After Excess ITC Benefit Passed On
GST Appellate Delays and Accruing Interest: A Constitutional Imbalance
GST Arrest Illegal for Ignoring Mandatory BNSS Procedure: Bombay HC
Inverted Duty Structure Refund: Can GST Department Ask on Averaging Months?
Same Day GST Registration under Rule 14A of CGST Rules
Failure of IMS in Reporting Credit Note Rejections Leading to Excess GSTR-3B Tax Liability
Assignment of leasehold rights not taxable under GST: Bombay HC (Nagpur bench)
ITC Denied for Late Returns Set Aside After Statutory Amendment: Madras HC
Allahabad HC Disposed Writ as GST Appellate Tribunal Becomes Functional
AP HC Quashed GST Best Judgment Assessments for Belated Return Filing
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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