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Rajat Bhagawat Wankhede

Latest Posts by Rajat Bhagawat Wankhede

Genuine Buyer Cannot Be Punished: Landmark GST Judgment by Karnataka HC

April 9, 2026 27999 Views 3 comments Print

The issue was whether ITC can be denied if suppliers fail to deposit tax. The Court held that bona fide purchasers cannot be penalized, and action must be taken against defaulting suppliers.

New Section 194T TDS Rules: Impact on Taxpayers, Effective April 2025

March 18, 2025 5094 Views 0 comment Print

New TDS Rules Under Section 194T: Impact on Taxpayers & Businesses – Effective from 1st April 2025 Introduction The Finance (No. 2) Bill, 2024, has introduced Section 194T in the Income Tax Act, which will be effective from April 1, 2025. This new provision mandates that Partnership Firms and LLPs must deduct Tax at Source […]

ITC Refund Challenges for Exporters with Cancelled GST Registration

February 8, 2025 1023 Views 0 comment Print

ITC Refund Challenges for Exporters Who Cancel Their GST Registration : A Case Study on GST Procedural Hurdles and System Limitations Sri Shanmuga Hardwares Electricals Vs STO (Madras high court); Writ Petition Nos.3804, 3808 & 3813 of 2024 and W.M.P.Nos.4105, 4107, 4110, 4111, 4116 & 4119 of 2024; 20/02/2024 Summery :-  The Goods and Services […]

ITC Reporting Errors not Attract Penalty Under Section 73: Kerala HC

January 27, 2025 3105 Views 0 comment Print

Kerala HC rules ITC reporting errors without fraud or revenue loss do not warrant penalties under Section 73 of CGST Act. Learn key takeaways and implications.

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