Goods and Services Tax
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Mere one typographical error in e-way bill not justify imposition of penalty: Allahabad HC
Section 107 of GST Act prevails over Section 5 of Limitation Act: Allahabad HC
HC Upholds Exclusion of Limitation Act in CGST Appeals
ITC Mentioned in Wrong Column: Delhi HC Directs Officer to Reconsider Assessee’s Reply
Changes in provisions relating to Input Service Distributor (ISD): Finance Act, 2024
GST Registration Cancellation with Retrospective Effect Requires Intent & Justification: Delhi HC
Recent GST Advisories on Payments, Composition Scheme, E-Invoicing & Fake Summons
Madras HC upholds ITC Claims despite discrepancies in GSTR-3B
An Order cannot be passed without giving appropriate reasons: Delhi HC
Karnataka AAR rules no GST leviable on Tree Pruners
Delhi HC Orders Reissuance of Valid SCN for GST Evasion, set aside GST Registration Cancellation order
HC Criticizes GST Registration Cancellation, Emphasizes Need for Detailed Notices
Delhi HC Sets Aside Order Overlooking Opportunity to Respond to Illegal ITC Claim SCN
Kerala HC Dismisses Writ Petition Seeking Order Quashing as Action Initiated Against Erring Supplier
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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