CA, CS, CMA : Introduction Mismatches between invoices filed by suppliers and returns submitted by recipients are significant issue taxpayer’s...
Goods and Services Tax : Explore the changes proposed by the Finance Bill 2025 on Input Service Distributor (ISD), Blocked Credit, and Credit Note under th...
Goods and Services Tax : Input tax credit (ITC) claims under GST are proving challenging for taxpayers. Stringent conditions, supplier issues, and court r...
Goods and Services Tax : The key question under discussion is whether the Reserve Bank of India (RBI) qualifies as a banking company under Section 17(4) of...
Goods and Services Tax : The Finance Act 2025 retroactively amends GST ITC provisions, limiting credits for construction of immovable properties, impacting...
Goods and Services Tax : KSCAA highlights practical GST challenges in Sec 128A & Sec 16(4), urging clarifications on appeals, ITC, interest waivers, and mu...
Goods and Services Tax : Learn about India's efforts to combat fake ITC frauds, including special drives, legal actions, and GST guidelines for enforcement...
Goods and Services Tax : Explore the key recommendations made by the GST Council during its 54th meeting, including changes in GST rates, GoM formations, a...
Goods and Services Tax : Join CA Sachin Jain for a live course on Input Tax Credit from a litigation perspective. Gain practical insights and master ITC co...
Goods and Services Tax : CBIC detected Rs. 36,374 crore worth of fake ITC in FY 2023-24 involving 9,190 cases. Key measures and data on ITC fraud detection...
Goods and Services Tax : Gujarat HC rejects bail plea of journalist Mahesh Langa in an alleged GST fraud case, citing ongoing investigation and multiple si...
Goods and Services Tax : Jharkhand High Court directs Sursarita Vanijya to appeal under Section 107 of the CGST Act before filing a writ against GST demand...
Goods and Services Tax : Kerala High Court dismisses challenge to GST fake invoice notice, directing the petitioner to seek alternative remedies instead of...
Goods and Services Tax : Calcutta High Court sets aside ITC denial due to retrospective GST registration cancellation and remands case for fresh adjudicati...
Goods and Services Tax : Allahabad HC rules that ITC claims cannot be denied solely due to missing GSTN in supplier certificates, directing a fresh review ...
Goods and Services Tax : CBIC clarifies ITC eligibility for goods delivered under Ex-Works contract as per Section 16(2)(b) of CGST Act, 2017...
Goods and Services Tax : The circular clarifies that electronic commerce operators under section 9(5) of CGST Act need not reverse input tax credit for spe...
Goods and Services Tax : GSTN issues advisory on the new Invoice Management System (IMS) for accepting or rejecting supplier invoices, impacting GSTR-2B an...
Goods and Services Tax : CBIC clarifies input tax credit provisions under Section 16(5) & 16(6) of CGST Act, detailing rectification procedures for wrong c...
Goods and Services Tax : The GST Invoice Management System (IMS) is live from 14th Oct 2024. It helps taxpayers match invoices for accurate ITC claims. GST...
Gujarat HC rejects bail plea of journalist Mahesh Langa in an alleged GST fraud case, citing ongoing investigation and multiple similar allegations.
Introduction Mismatches between invoices filed by suppliers and returns submitted by recipients are significant issue taxpayer’s face when claiming input tax credits. A new system has been introduced on the GST portal to help taxpayers easily correct or amend invoices with their suppliers. This will make it easier for them to match their records with the […]
Explore the changes proposed by the Finance Bill 2025 on Input Service Distributor (ISD), Blocked Credit, and Credit Note under the GST Act.
Jharkhand High Court directs Sursarita Vanijya to appeal under Section 107 of the CGST Act before filing a writ against GST demand.
Kerala High Court dismisses challenge to GST fake invoice notice, directing the petitioner to seek alternative remedies instead of invoking Article 226.
Input tax credit (ITC) claims under GST are proving challenging for taxpayers. Stringent conditions, supplier issues, and court rulings create uncertainty. Proper documentation is crucial for businesses to avoid penalties and ITC rejection.
The key question under discussion is whether the Reserve Bank of India (RBI) qualifies as a banking company under Section 17(4) of the CGST Act, 2017, thereby making it subject to the 50% Input Tax Credit (ITC) restriction.
Calcutta High Court sets aside ITC denial due to retrospective GST registration cancellation and remands case for fresh adjudication.
Allahabad HC rules that ITC claims cannot be denied solely due to missing GSTN in supplier certificates, directing a fresh review of the case.
The Finance Act 2025 retroactively amends GST ITC provisions, limiting credits for construction of immovable properties, impacting leasing and renting activities.