Goods and Services Tax
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No GST Exemption on Dredging by Kishor Projects Pvt Ltd: AAR Gujarat
No ITC on Share Buyback Expenses; Reversal Required on Common Inputs: AAR Gujarat
GST Not Payable on Goods Lost in Transit, But ITC Reversal Required: AAR Gujarat
No ITC on Inputs & Services for Mutual Fund Subscription & Redemption: AAR Gujarat
Free Scraping Tool with Apsara Oil Pastels Constitutes Separate Supply, Taxable at 18% GST: AAR Gujarat
ITC Allowed on Canteen Facility for Direct Employees, Limited to Employer’s Cost: AAR Gujarat
No ITC on Concrete Tower Construction for VCV Lines: AAR Gujarat
Second-Hand Goods: Margin Scheme Excludes Repair Costs; No ITC on Improvements
No Ruling in Absence of Complete Documentation for GST Classification: AAR Gujarat
Goods supplied under fraudulent orders qualify as supply under IGST Act: AAR Gujarat
Section 16(5) Applicable for ITC Claims Beyond Time Limit of Section 16(4) of GST Act
Ignoring objection while passing order violates principles of natural justice
Cash excluded from definition of goods hence seizure thereof u/s. 67 of CGST Act not sustainable
Analysis of Finance Act – Ket Amendments relating to Indirect Taxes
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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