Goods and Services Tax
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Order passed without considering reply and granting opportunity of being heard is unsustainable: Madras HC
Duty demand and attachment of bank account without opportunity of being heard unjustified: Madras HC
Issuance of single consolidate notice u/s. 73 for multiple assessment year contravenes CGST Act: Karnataka HC
Taxpayer liable for statutory non-compliance even after GST registration cancellation: Delhi HC
Taxability of leasing of residential/commercial property in GST
Invoice Management Systems (IMS): New Feature on GST Common Portal
₹2645 Crore GST Scam: HC Grants Bail as Co-Accused with Bigger Role Already Released
Appellate Authority Can’t Deny GST Refund Based on Conflicting Circular: Rajasthan HC
No New Tax Demand After Settlement Under State’s One Time Settlement Scheme
GST Inspection of Unregistered Persons: Key Insights
Understanding GST on Health Care Services
No Penalty for Expired E-Way Bills Without Tax Evasion Intent: Calcutta HC
Nonwoven PVC-Coated Fabrics falls Under Chapter 39, Attract 18% GST: AAR Gujarat
Imported Goods Retains Initial Classification for GST: AAR Gujarat
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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