Goods and Services Tax
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GST Portal Upload Constitutes Valid Service of Order/Notice: Calcutta HC
Delhi High Court Protects Bona Fide Buyers from Seller’s Tax Default
Bombay HC Invalidates Copy-Paste Adjudication Orders
Tracing the Trajectory: Evolution and Interpretation of Actionable Claims
Calcutta HC Remands GST ITC Reversal Case for Re-Adjudication
No GST Without Invoice for Services from Foreign Affiliate: Delhi HC
Allahabad HC Quashes GST Penalty for E-Way Bill Date Mismatch
Karnataka HC Remits GST Case on Liquidated Damages
Bombay HC Grants Relief in Multiple Petitions Following Precedent in Sundyne Case
Delhi HC Upholds ₹285 Cr Penalty in GST Fraud against a GST consultant
WhatsApp Service Invalid for GST detention or confiscation Notices: Kerala HC
No Penalty for Delayed E-way Bill Without Tax Evasion intent: Allahabad HC
Duty Credit Scrips: GST Implications & Input Tax Credit (ITC) Reversal
GST on Ocean Freight: ITC, Legal and Valuation Issues
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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