Goods and Services Tax
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Madras HC Allows ITC Refund Despite Same GST Rate on Principal Input & Output
Section 5 Limitation Act Inapplicable to Section 107 GST Appeals: Uttarakhand HC
Karnataka HC Quashes Criminal Proceedings in KVAT Fraud Case Against Co-Accused
Rajasthan HC Allows GST Appeal After Condoning Delay Caused by Portal Upload Error
Telangana HC Declines Writ Against GST Demand & Directs Appeal Before GSTAT
Delhi HC Disposes GST Petitions, Directs AAR to Decide Diagnostic Services Taxability
SC Upholds Allahabad HC Decision Describing GST Registration Cancellation as ‘Economic Death’ of Business
HC Declines GST Registration Cancellation Challenge, Directs Statutory Appeal Under Section 29
Section 15 & Rule 33: GST Valuation & Pure Agent Reimbursement Rules
No GST on Municipal Road Restoration & Digging Charges: Gujarat HC
Madras HC Dismisses Writs Against GST Compensation Cess Orders & Advance Ruling, Directs Statutory Appeals
Section 64 GST Summary Assessment: Purpose, Conditions, Remedies & Practical Concerns
Telangana HC Permits Appeal Against Alleged Unsigned GST DRC-07 Order with Delay Condonation Liberty
Telangana HC Refuses to Interfere at GST SCN Stage; Directs Assessee to File Objections
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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