Goods and Services Tax
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GST Registration Cancellation does not nullify tax liabilities for prior periods: Bombay HC
Mechanical Rejection of ITC Claim for Alleged Non-Existent Supplier Quashed by Calcutta HC
GST Refund Allowed as Services to foreign entities Qualify as Export, Not Intermediary Supply
GST Registration Can Be Restored After Filing Pending Returns: Gauhati HC
GST Registration Cancellation Can Be Reversed After Filing Pending Returns: Gauhati HC
Scrutiny vs Adjudication under GST: Decoding ASMT-10 and DRC-01
Staggered GST Appeal Filing Withdrawn After Portal Review
GST Refund Cannot Be Denied Without Opportunity to Submit Documents: Karnataka HC
Orissa HC: Writ Not Maintainable After GSTAT; Mandatory Pre-Deposit Cannot Be Bypassed
GST 2.0 Structure And Economic Impact
GST Automation Upheld Due to Reduced Tax Evasion & Higher Transparency
Biometric Aadhaar Authentication Approved to Prevent Fake GST Registrations
Two-Rate GST Structure Introduced to Boost MSMEs and Consumption
GST on Garments Above ₹2,500 Raised to 18% to Rationalise Tax Structure
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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