Goods and Services Tax
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Section 130 of CGST Act Inapplicable for Excess Stock found at the time of survey
Co-insurance premium and re-insurance commission not taxable under GST: Madras HC
HC Remands Case as GST Notices Were Uploaded Under Incorrect Category
Cancellation of GST registration for non-submission of NOC by landowner not justified
Government grant to meet day-to-day expense not taxable under GST: Kerala HC
Orissa HC Restores GST Appeal considering non-attendance due to Health Issues
GST Appeal entertained without pre-deposit if frozen bank account has equivalent amount
Interest received by foreman of chit on defaulting subscriptions not leviable to GST: Kerala HC
RCM on Residential Property/Commercial Property under GST
HC Issues Notice to Revenue Over Lack of GST Portal Option for Appeal on Transitional Credit Rejection
CBIC Highlights: Constitution Day, AEO Dialogue & Enforcement
Notice for re-opening u/s. 25(1) of KVAT Act issued within limitation period of six years: Kerala HC
Ex-Directors not liable for GST demand on transactions after Resignation: Patna HC
Petitioner neither filed GST returns on time nor used alternative remedy – HC dismisses Writ
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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