The Court held that ITC on charges related to transfer of leasehold rights does not fall within blocked credit under Section 17(5)(d). As no fraud or suppression was shown, invocation of Section 74 was without jurisdiction and the notice was quashed.
The Bombay High Court held that a single show cause notice under Section 74 covering multiple financial years is impermissible. The ruling emphasizes that limitation and assessment under GST operate year-wise.
Clarifies when transport services qualify as GTA and how GST applies. The key takeaway is that issuing a consignment note determines tax treatment.
The Tribunal held that early GST filing errors could be inadvertent due to manual systems and remanded the matter for fresh adjudication.
The Supreme Court held that refund of GST collected and passed on to consumers must be credited to the Consumer Welfare Fund. It ruled that courts cannot create alternative refund mechanisms outside Section 54 of the CGST Act.
The issue was whether writ jurisdiction could be used to condone delay beyond 120 days under GST law. The Court held that once statutory timelines expire, courts cannot override legislative intent to extend limitation.
The Budget outlines a reform-driven growth strategy centred on manufacturing expansion, MSME support, and services sector incentives. The key takeaway is a sustained push for long-term economic resilience backed by fiscal discipline.
GST Network has issued an advisory introducing significant system enhancements in GSTR-3B beginning with the January 2026 tax period, primarily impacting interest computation, tax liability reporting, and input tax credit utilization.
Clarifies that constitutional court judgments declare the law retrospectively by default. Holds that tax authorities cannot treat such rulings as merely prospective.
The Court held that post-amalgamation, the transferor company cannot claim GST refunds. Unutilised ITC must move only through the statutory transfer mechanism, not by refund.
