Goods and Services Tax
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Circular 172/04/2022-GST dated 06.07.2022 inapplicable as petitioner is not deemed exporter
GST SCN based on seized documents passed on by IT department cannot be baseless
Delhi HC Raps Appellate Authority for Long-Pending GST Refund Appeals
GST Penalty Quashed: Delivery Mismatch & E-Way Bill Glitch Not Tax Evasion
GST Demand Quashed for Exceeding SCN Amount Without Fresh SCN: Karnataka HC
Cross-LoC Barter Trade With PoK is Intra-State Supply: J&K HC
Delhi HC: ₹2.01 Cr Already Deposited; GSTAT Appeal Allowed Without Further Pre-Deposit
Chhattisgarh HC Declines Write in ₹3.38 Cr GST Demand Due to Alternate Remedy
GST Registration Cancellation Invalid Due to Defective SCN: Karnataka HC
Reassessment of UPVAT ITC Not Permissible Without Turnover Escapement: Allahabad HC
Writ Dismissed as Delhi HC Cites Alternate Remedy in ITC Fraud Case
₹35-Crore GST Evasion: Allahabad HC Allows Bail After Five Months’ Custody
UPVAT Penalty Invalid as Suspicion Alone Cannot Prove Tax Evasion: Allahabad HC
Ex-Parte GST Demand Quashed as SCN Was Communicated to CA but not to Taxpayer
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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