Goods and Services Tax
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MVU Personnel Supply Under Livestock Scheme Not GST-Exempt: AAR West Bengal
CBIC Highlights Women’s Day, Gold Seizures
Impact of Recent Tax Reforms on MSMEs In India: Challenges & Growth
Failure to Register under GST law amounts to deliberate tax evasion: Madras HC
Madras HC quashes GST Order Due to Denied Hearing; Orders 10% Tax Deposit for Reassessment
Orissa HC Denies Pre-Arrest Bail to GST Officer in Fraud Case
Gujarat HC Quashes GST Demand Order for Violation of Natural Justice
Factual GST Classification Dispute Not Adjudicable Under Article 226: Kerala HC
Andhra Pradesh HC Sets Aside GST Order for Lacking DIN on order
Delhi HC invalidates retrospective GST cancellation for lack of reasoning in SCN & prior notice
Madras HC Sets Aside GST Order for Natural Justice Violation
Orissa High Court directs GST registration revocation if dues are cleared
AP HC Sets Aside GST Order for Lack of Assessing Officer’s Signature on order
Delhi HC allows rectification of GST returns after assessment discrepancies
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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