Goods and Services Tax
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Mandatory GST Appeal Pre-Deposit Required Despite Financial Crunch: Calcutta HC
ITC on IGST Paid via TR-06 Challan Not Allowed: AAR Tamil Nadu
Writ not allowed for Appealable GST Order which were passed after Hearing
Calcutta HC Allows Manual GSTR-1 Amendment Post-Deadline
ISD under GST: Concept, Interpretation, Implications & Complication
GST Treatment of Corporate Guarantee
Request for GST Appeal Time Extension under Section 107
No IGST on supply of services between distinct persons, if recipient unit is entitled for full ITC
Claim Irrecoverable GST as Deduction under Income Tax after Missing Refund Deadline
GST on Initial Public Offers (IPO) and Offer for Sale (OFS)
GST Advisories from GSTN: Returns, Refunds & E-Way Bills
Patna High Court Quashes GST Penalty from Pre-GST Era
Section 130 of GST Act Inapplicable for Excess Stock Found During Survey: Madras HC
Delhi HC Disposes GST Circular Challenge After Precedent
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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