The Supreme Court has confirmed that Rule 86A cannot be used to create negative ITC balances, reinforcing that recovery must follow statutory adjudication.
Introduction In GST litigation, Section 107 of the CGST Act, 2017 creates an uncommon situation: both the taxpayer and the department can file a first appeal. This is a sharp departure from the Income-tax Act, where only the assessee can initiate a first appeal. The result? An environment where even a favourable order for the […]
New GST rate notifications (09/2025 & 10/2025) exempt uncoated paper used solely for notebooks/exercise books, but not other uses. This end-use-based exemption creates significant compliance risk for manufacturers and traders, as the burden of proving downstream use falls on the supplier, requiring stringent documentation and potentially impacting Input Tax Credit (ITC).
Explore the recent refinement in the formula for claiming a refund of Input Tax Credit (ITC) under the Inverted Duty Structure in GST. Understand the changes, implications, and how it affects taxpayers.
Explore the withdrawal of GST exemption on healthcare services. Understand the implications, potential issues, and legal considerations for the healthcare industry under the new GST regulations.
The right to claim ITC on goods and/or services received by the Recipient is never disputed both in GST law and erstwhile VAT regimes. However, what should be the correct amount of ITC which can be claimed by the recipient has been a matter of legal debate in both GST law and erstwhile Indirect Taxation regime.
Background GST Council, in its 39th Meeting held on March 14, 2020, recommended linking the data available in GSTN viz. linking outward supply data in Form GSTR-1 and Form GSTR-3B and Input Tax Credit (‘ITC’) data between Form GSTR-2A and Form GSTR-3B. It was also stated that the present return system (GSTR-1, GSTR-2A & GSTR-3B) […]
Interest on Delayed Payment of Tax – on Gross or Net Tax Liability – Bone of Contention Remains There has been a big controversy that whether interest on delayed payment of tax has to be paid on gross tax liability or net tax liability paid through electronic cash ledger after adjustment of input tax credit? […]
September 2020 marks an important month for completion of major compliances under Goods & Services Tax. We present below the list of activities which should be executed by the registered person in September 2020. 1. Amendment in GSTR-1 for FY 2019-20 As per first proviso to Section 37(3) of the CGST Act, 2017, no rectification […]
GSTR-3B is a summary return which came into existence since GSTR-2 and GSTR-3 never saw the light of the day due to the technical glitches in functioning of Matching System as stated in Sec 42 and Sec 43 of the CGST Act, 2017. Recently, Rule 61(5) of CGST Rules have been amended vide Notification No. […]
