Goods and Services Tax
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Writ Petition Disposed as GSTAT Becomes Functional With Appeal Filing Timeline
Survey Excess Stock Cannot Trigger Confiscation Proceedings Automatically: Allahabad HC
GST Demand Quashed as Pre-CIRP Dues Extinguished Under Approved Resolution Plan
Orissa HC Stays Multi-Year ₹512 Cr GST Levy on Assignment of Right to Use Natural Resources
APVAT: Interest Allowed on VAT Refund Due to Delay Beyond 90 Days Despite Timely Order
GST Adjudication Set Aside for Ignoring Annual Return Reconciliation
Best Judgment GST Assessment Deemed Withdrawn After Returns Filed
Expired E-Way Bill Alone Insufficient to Sustain GST Penalty: Allahabad HC
Gujarat HC Stayed Final GST Order for Non-Issuance of Pre-Consultation Notice
SC upholds GST exemption for renting residential dwelling used as hostel by students
GST Show Cause Notice Not Quashed Due to Alternative Remedy Available
Common Errors & Correct Reporting of Exempt Sales in GSTR-9 of 24-25
Whether Section 70 GST Summons amounts to Initiation of Proceedings?
ITC on Commercial Buildings for Leasing Overturned by Retrospective Section 17(5)(d) Amendment
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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