Goods and Services Tax
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GST Reimbursement Direction Modified to Representation Consideration: Karnataka HC
Anticipatory Bail Denied to Accountant for Prima Facie Role in ₹30 Crore Fake ITC Fraud: Bombay Court
Section 74 Challenge Rejected as GST Portal Upload Constituted Valid Service: Orissa HC
Section 74 Order Quashed & Remanded as GSTR-1/GSTR-3B Mismatch Requires Section 73 Examination: Madras HC
Section 128-A Waiver Rejection Set Aside for Substantial Compliance in GST Payment: Madras HC
Section 74 Proceedings Upheld as SCNs Recorded Reasons for Extended Limitation: Madras HC
GST Notice Service: Valid Service or Effective Service? A Ground-Level Re-examination
GST Registration Cancellation Upheld for ITC Based on Fabricated Documents: Madras HC
Wrong Destination Alone Cannot Justify GST Detention of Inter-State Goods: Telangana HC
GST Order Set Aside as Passed Against Deceased Person: Madras HC
SC Issues Notice on Section 107(4) GST Appeal Limitation Cap: Orissa HC Ruling Challenged
Section GST 107 Appeal Dismissal Upheld as Filed Beyond Statutory Outer Limit: Orissa HC
Section 73 SCN Mandatory; DRC-01 Summary Not a Substitute: Gauhati HC
Section 74 Invocation Upheld for Wrongful ITC on Blocked Credits: 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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