This article analyses the legal framework governing ITC and Place of Supply, explains how GSTR-2B logic results in denial of ITC in genuine cases, highlights the inconsistency between portal validation and statutory provisions, and suggests practical remedies for taxpayers facing audit and departmental scrutiny.
Explains the Budget 2026 proposal allowing SEZ units to sell to DTA units at reduced duty and how it simplifies approvals while lowering costs.
Explore implications of new E-Way Bill restrictions effective March 2024. Learn about challenges for exporters, job work, and potential solutions. Stay informed!
Key insights from the 50th GST Council meeting revealed in 9 Notifications and 8 Circulars by CBIC. Learn about taxability of services from Head Office to Branch Offices, clarifying important issues for businesses with operations in multiple states.
Explore the complexities of Input Tax Credit (ITC) restrictions due to Place of Supply (PoS) rules in the recent GSTR3B form changes. Understand the impact on businesses and the need for careful compliance.
Understanding the implications of Section 16(2)(ba) in the GST Act: explore the details of input tax credit and its communication under section 38.
Understanding the new changes in GSTR3B and the challenges they pose for August returns. Stay updated with the latest updates from CBIC & GSTN.
Explore the recent GST Circular dated July 6, 2022, clarifying Ineligible Credits under Section 17(5) of CGST Act, 2017. Get insights on mandatory ITC eligibility for specified services.
Effective from Jan 2022, the tax payer has certain restrictions on availing his eligible Input Tax Credit in his GSTR3B as notified by CBIC, vide Notification 39 dtd 21.12.2021 The CBIC has amended the Section 16 by inserting a new subclause 16(2)(aa) as under: (aa) the details of the invoice or debit note referred to […]
GST Roll out: It is more than 4.5 Years now, after the implementation of GST from 01.07.2017, which replaced erstwhile Taxes with Uniformed Indirect tax across the country. Prior to implementation of GST there were so many taxes like Central Excise – Tax on Manufacturing Service Tax – Tax on Services State VAT – Tax […]
