Goods and Services Tax
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FREE Workshop on 56th GST Council Meeting By CA Sachin Jain
Delhi GST Alert Circular Exposes Rs. 6 Crore ITC Fraud
Calcutta HC Invalidates GST Order for Lack of Mandatory Section 75(4) Hearing
Wrong Tax Head Entry Cannot Deny Legitimate CGST Refund: Allahabad HC
P&H HC Grants Bail in ₹7 Crore Fake GST Firm Case Based on PAN Misuse
Chhattisgarh HC Grants Stay on GST Penalty U/s. 74 in Mining Lease Fee Dispute
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India’s GST: A Comprehensive Legal Overview
Madras HC Upholds GST Demand Against Deceased Proprietor
SC Allows Assessee to Approach High Court on CGST Assessment Appeal
Orissa HC Directs Petitioners to Approach GST Officer for Frozen Bank Account
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Patna HC Sets Aside GST Demand for Lack of Personal Hearing
GST Demand for Turnover Under ₹20 Lakh Must Be Appealed: Patna HC
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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