Goods and Services Tax
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No IGST on ocean freight could be levied on FOB Transactions
GST Advisory for ‘Other Territory’ Registration Selection
Pune Court Grants Bail in GST Evasion Case of ₹144 Crore
GST Registration Cancellation Cannot Be Rejected Due to Ongoing Tax Scrutiny
18% GST on Technical Consultancy Services for MJP Projects
Cancellation of GST registration without giving reason unjustified hence matter remanded back
No proceedings u/s. 130 of GST Act if excess stock found at the time of survey: Allahabad HC
Demand regarding mismatch of tax liability set aside for fresh consideration: Madras HC
Two GST Adjudication Orders for Same Period Not Permissible: Delhi HC
Section 75(4) GST Act: Personal Hearing Requires Written Request
Section 129 Penalty Not Imposable pursuant to GST Search & Seizure
e-Invoice Reporting Deadline Reduced for AATO ₹10 Crores+
GST Registration Cancellation & Penalty Imposed Without Due Process; HC remand matter to AO
CBIC Clarifies Waiver of Interest/Penalty under CGST Act
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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