Goods and Services Tax
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GSTAT Closes GST Profiteering Case as buyer confirmed receipt of ITC benefits
No Profiteering Found Where Housing Project Is Fully Post-GST: GSTAT
Karnataka GST Appellate Tribunal Now Operational in Bengaluru With Two State Benches
SC Ruling Puts GST Appellate Tribunal Framework at Risk
GSTAT Orders Lenient Scrutiny of Appeals Filed on New Portal
Can Penalty be Levied on Delayed Annual GST Return?
Excess Stock ≠ Confiscation: SC Settles GST Section 130 Misuse Debate
GSTAT Closed Case as No Profiteering Found Under Anti-Profiteering Law
GSTAT Directed Builder to Refund Net Profiteering With Interest to Home Buyers
DGAP Report Accepted as Complainant Remains Absent Before GSTAT
GSTAT Closed Profiteering Case Due to No Apparent Tax Benefit to Resizone Buildwell
APV Realty case: GSTAT Orders Reinvestigation After Admitted Errors in Profit Figures
ICEGATE, ECCS & ACES–GST portal Declared Critical Infrastructure Under IT Act
Single GST Notice issued for multiple financial years – What to Do?
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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