Goods and Services Tax
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GST Liability & ITC Reversal: Madras HC Remands Case on 12.5% Pre-deposit
GSTR 3B vs. GSTR 2A Mismatch: HC directs order to be treated as SCN
Madras HC directs to treat GST Order Beyond Show Cause Notice as SCN
Madras HC sets aside original order, directs it to be treated as SCN
CBI Apprehends CGST Inspector Accepting Rs 2.50 Lakh Bribe
Calcutta HC Restores GST Appeal Rejected on Delay Grounds for reconsideration
GST demand on Post Sale Discounts: HC directs reconsideration
KVAT: Kerala HC allows credit of Advance Tax Paid on stock-transfer
GST: Recording reason to believe in INS-01 is a pre-requisite to initiate Search
Actionable Claim under GST: Simplified Overview
Mutuality principle insulate Madhavaraja club from levy of Luxury tax: Kerala HC
Order passed without considering GSTR-9: Madras HC Directs Re-adjudication
Uttarakhand HC Allows GST Registration Revocation Application
GST order passed without hearing petitioner: Madras HC Remands matter to appellate authority
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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