Goods and Services Tax
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GST ITC Denial Set Aside Due to Section 16(5) Amendment – Fresh Order Directed
Paid GST, But in Wrong Column? High Court Says “Relax, That’s Not Tax Evasion”
Section 74 GST SCN Only States Figures Without Fraud/Suppression Allegation: SC Grants Stay
AAAR TN Rejects ITC Claim: Firefighting & Sanitary Installations Not Eligible as ‘Plant & Machinery’
ITC Denied on Electrical Works for Factory Expansion as Immovable Property: AAAR TN
Interactive Flat Panel Displays Taxed at 28% as ‘Monitors’ Under HSN 85285900: AAAR Tamilnadu
Industrial Use Prevails: Felt Components Taxed as Machinery Parts; Higher VAT Upheld
GSTAT Clarifies Certification Rules and Softens Appeal Scrutiny
Writ Petition Dismissed Due to Alternate Penalty Appeal Remedy Under GST Law
GST Order Set Aside for Using Wrong Provision After Section 74A Came into Force
Madras HC Set Aside GST Demand Due to Turnover Mismatch Between Tax Portals
Rectification of inadvertent error in GST returns permitted as there is no loss to revenue
Interest on IGST Refund Can’t Be Rejected on Jurisdiction Ground: Bombay HC
ITC Allowed on Food & Beverages as Part of Event Management Package: AAR West Bengal
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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