Goods and Services Tax
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Regular Bail Granted After Compliance with Interim Bail Conditions in Fake ITC Case
GST Demand Quashed for Using Assumed RMC Ratio Without Proof of Suppression
Madras HC Quashes GST Appellate Orders for Denial of Hearing
Pre-Deposit Cannot Be Retrospectively Applied to GST Penalty Appeals: Calcutta HC
Madras HC Directs Fresh Examination of Overlapping/Duplication of GST Demand
Kerala HC Allows ITC Claims Under GST Circulars Despite Lapsed Deadlines
GST Penalty Proceedings Must End Once 15% Pre-SCN Penalty Paid: Delhi HC
Officer Cannot Be Suspended for Fraud Occurring After His Adverse GST Report
GST Registration Cannot Be Cancelled Without Inspection of Changed Address: Delhi HC
GST Penalty Quashed as E-Way Bill Was Generated Before Interception
Allahabad HC Sets Aside GST Appellate Order Passed Without Notifying Assessee
Unreasoned GST Order Invalidated for Non-Application of Mind
Allahabad HC quashes Penalty for E-Way Bill Expiry During Kanwar Yatra Traffic Ban
Interest on Delayed GST Payment Mandatory – Madras HC dismisses Petition
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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