Goods and Services Tax
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Gujarat HC Upholds ITC Reversal for Purchases from Non-Genuine Supplier but Quashes Penalty
No Valid SCN Under CGST Act If Hosted in ‘Additional Notices’ Tab Only: MP HC
GSTAT Selection Procedure Faces Legal Test Over Unequal Reassessment of Candidates
HC Dismisses Writ Against GST Assessment Order; Allows Appeal with 20% Deposit
Punjab HC Orders Unblocking of ₹56 Lakh ITC under GST
Live Webinar: GST – Journey, Challenges & Road Ahead by 3 Eminent Speakers
GST Section 74: Extended Limitation Requires Fraud, Suppression & Procedural Compliance
SEZ Service Units’ Vs GST: A Situation-Wise Impact & Judicial Insights
E-Way Bill under GST: Rules, Penalties, Challenges & Case Laws
GST on Development Rights & Construction Services: Conflicting Judicial Views
UPI Data & GST Notices: Legal Defenses for Traders
GST on joint development agreements & transfer of development rights: Analysis
Blocking of Electronic Credit Ledger by GST Officer
Single SCN for Multiple Financial Years Invalid: Madras 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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