Goods and Services Tax
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MVAT Appeal Dismissed for Non-Attendance – Bombay HC direct decision on Merits
Orissa HC Allows GST Registration Revival on Dues Settlement
Madras HC Allows GST Return Filing After Registration Cancellation
Lifting of Bank Account Attachment under GST: SC Ruling Explained
GST compliance calendar for December 2024
Availment and Utilisation of ITC in Wrong Head of Tax – an Invitation to Litigation
Gross and Net GST revenue collections for the month of Nov, 2024
GST Classification of Flours and Mixes: Gujarat AAAR Decision
Food Supply to Hospital Canteen Taxable, Not Exempt: West Bengal AAR
GST appeal dismissal unfair since pre-deposit requirement already complied: Bombay HC
GST assessment order served to old address is not valid service of order: Madras HC
Medical Condition Not a Valid Reason for 4-Year Delay in GST Appeal: Kerala HC
Retrospective cancellation of GST registration for non-filing of return not justified: Delhi HC
E-Invoice Glossary and Steps for GST Reporting
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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