Goods and Services Tax
Log in to FollowGoods and Services Tax India: Read all latest GST news, articles, notification, circulars, case laws news on, MVAT DVAT PVAT GST GSTN IGST CGST GST Council GST Rates SGST GST Forms GST Rules.
Delhi HC Grants Interim Relief Against GST Demand on Minimum Bank Balance Charges
Assessment Invalid as GST Proceedings Initiated After Taxpayer’s Death: AP HC
Allahabad HC Quashed GST Demand for Being Issued Against a Deceased Person
ITC Refund Denied on Intermediary Tag Set Aside for Exported Services
P&H HC Denies Bail to Director in Alleged Rs. 55 Crore Service Tax Evasion Case
ITC Blocking Beyond One Year Invalid Without Fresh Grounds: P&H HC
GST Order Invalid Where Final Demand Exceeded Proposed Amount: Allahabad HC
P&H HC Quashed GST Demand as Support Services Were Export, Not Intermediary Supply
Delhi HC Directs CBIC to Clarify GST on Consideration-Free Foreign Services
Calcutta HC Ordered Refund of GST Recovery Beyond Mandatory Pre-Deposit
Bank Account Attachment Lifted Subject to 20% Deposit Due to Pending GST Appeal
No Relief Against Late Filing Penalty, But GST Demands Sent Back for Reconsideration
Closing ITC Cannot Be Reversed After GST Registration Revival: AP HC
Export Refund Rejection Set Aside: HC Allows Ex Post Facto LUT Filing as per Binding Circular
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.
At Taxguru, we provide all the latest GST news to our viewers. Our group of expert keep a close check on all the latest developments and provide a comprehensive analysis on GST updates. We keep updating our portal with articles on GST for the enlightening our readers. Bookmark us for all the GST articles and much more on GST.
