Goods and Services Tax
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Rajasthan HC Upholds Bank Attachment for Unchallenged GST Demand
Karnataka HC Dismisses Revenue Revision Allowing KVAT ITC on Genuine Purchases
Karnataka HC Upholds ITC Despite Seller’s Failure to Deposit VAT
Karnataka HC Upholds KVAT Revision Initiated Within Four-Year Limitation
Bombay HC Upholds Retrospective GST Registration Suspension Challenge at SCN Stage
No Profiteering Under Section 171 After Excess ITC Benefit Passed: GSTAT
SC Upholds Section 16(2)(c), Making Supplier Tax Payment Mandatory for ITC
SC Decisions Revive Debate on GST Appeal Limitation Under Section 107 of CGST Act
Govt Retains 5% GST on Most Assistive Devices for Persons with Disabilities
Govt Detects ₹38,134 Crore Fake ITC Fraud in 3 Years; 177 Arrests Reported
Section 16(2)(c) After Bhandari Scrap Traders: Can Genuine Purchasers Still Lose ITC?
GSTN Keeps Proposed e-Way Bill Enhancements on Hold Until Further Notice
Section 73 Doesn’t Mandate 3-Month Gap, Madras HC Quashes Contradictory GST Orders
Punjab & Haryana HC Grants Bail in ₹9.66 Crore Fake ITC Case
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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