Goods and Services Tax
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No GST on Transfer of GIDC Leasehold Rights as Transaction Falls Outside Scope of Supply
FADA Challenges GST compensation cess Credit Lapse Before Supreme Court
Can Advocate be prosecuted for professional services to Client?
Rajasthan HC Dismisses GST Writ Petition Due to Availability of Statutory Appeal
SC Examines Constitutional Validity of Section 16(2)(c) as Bona Fide Recipient Denied ITC
SC Issues Notice as GST Premises Were Sealed Without Any Denial of Access
Rajasthan HC Dismisses GST Writ as Statutory Remedies for De-Sealing & Release of Goods Not Availed
Bombay HC Quashes Section 161 GST Rectification Order as Personal Hearing Was Not Granted
No GST on Assignment of Leasehold Rights as It Is Transfer of Immovable Property: SC
GSTAT Can Grant Stay Relief as Appellate Powers Include Inherent Interim Jurisdiction: Bombay HC
Two-Year GST Refund Deadline Held Mandatory but Delay Allowed Through Writ Jurisdiction
GST Arrest Upheld as Material Evidence Linked Accused to Alleged Tax Evasion Syndicate
Physical Service of GST Notice Mandatory After Registration Cancellation: Allahabad HC
Writ Maintainable as GST SCN Raises Pure Question of Law: Jharkhand HC
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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