Goods and Services Tax
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HC upheld GST Show Cause Notices based on intelligence-based enforcement actions
GSTR-9/9C for FY 2024-25 enabled on GST portal
GST Appellate Authority Cannot Claim “Functus Officio” If Appeal Dismissed for Pre-Deposit, Not Merits: Jharkhand HC
Invocation of jurisdiction u/s. 73 of CGST Act without issuing Form GST ASMT-10 is not justified
TR-6 Challans Not Eligible for Import IGST Credit: AAAR Tamil Nadu
Effluent Treatment GST Case: AAR Allows Withdrawal After Rate Change
Hostel & Food Services Between Charitable Educational Institutions Taxable Under GST
No Second Forum for Same Issue: Tamil Nadu AAR Dismisses Application on Pending GST Case
GST AAR: Rice Bran Oil Classified by Content, Not ‘Lamp Oil’ Use
MGO Charges Not Taxable: No GST on Liquidated Damages for Short-Lifting Gas
Provisional GST Attachment Requires Proceedings, Not Pre-Decisional Hearing: Karnataka HC
Bail Condition Satisfied by Electronic Cash Ledger Deposit, Not DRC-03 Form
GST Reforms to Boost Goa’s Economy, Tourism, Pharma & Local Produce
Mizoram GST Cuts: Boosting Spices, Bamboo, Tourism Economy
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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