Goods and Services Tax
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‘Relevant Period’ Must Be Applied Uniformly for ITC & Turnover Refund Computation: Madras HC
GST Notifications extending Limitation U/s. 168A Struck Down for Arbitrariness
Delhi South CGST Arrests Two for Bogus Invoices Worth ₹199.90 Crore
From Writs to Tribunal: GST Litigation Gets Back on Track
Telangana HC Dismissed Writ for Bypassing GST Appeal Remedy
Gauhati HC grants Interim Relief as GST SCN Covered Multiple Financial Years
Misuse of GST Section 64: Bona Fide Recipients Targeted Instead of Defaulting Suppliers
Circular Denying ‘Deemed Export’ Refund Can’t Apply to Zero-Rated Actual Exporters: Gujarat HC
Interplay of Sections 73, 74 & 75 of CGST Act – Limitation, Appellate Powers & Illusion of Revival
Appellate Authority Can’t Enhance GST Demand Without Prior Notice: Calcutta HC
GST Portal Enables Online Opt-In for ‘Specified Premises’ (Hotels)
A Practical GST Point Many Builders & Developers Overlook (80-20 Rule) — And End Up Paying For
GST Demand Set Aside Due to Inadequate Reply, Matter Remanded with Conditions
Madras HC Set Aside ITC Denial due to Retrospective Extension of GST Limitation Period
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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