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input tax credit

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New Invoice Management System (IMS) Simplifies GST ITC Claims

CA, CS, CMA : Introduction Mismatches between invoices filed by suppliers and returns submitted by recipients are significant issue taxpayer’s...

February 16, 2025 495 Views 0 comment Print

Impact of Finance Bill 2025 on ISD, Blocked Credit & Credit Note

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...

February 16, 2025 192 Views 0 comment Print

Input Tax Credit Claims: A Roller Coaster Ride for Taxpayers

Goods and Services Tax : Input tax credit (ITC) claims under GST are proving challenging for taxpayers. Stringent conditions, supplier issues, and court r...

February 14, 2025 4611 Views 0 comment Print

ITC Mystery: Does RBI Fit the Banking Company Definition?

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...

February 14, 2025 981 Views 0 comment Print

Safari Saga: Finance Act 2025 Amends GST ITC Rules for Construction

Goods and Services Tax : The Finance Act 2025 retroactively amends GST ITC provisions, limiting credits for construction of immovable properties, impacting...

February 13, 2025 879 Views 0 comment Print


Latest News


Representation on GST Challenges related to Section 128A & 16(4) ITC Disallowance

Goods and Services Tax : KSCAA highlights practical GST challenges in Sec 128A & Sec 16(4), urging clarifications on appeals, ITC, interest waivers, and mu...

December 17, 2024 6216 Views 0 comment Print

Fake ITC Frauds: Government Measures and GST Guidelines

Goods and Services Tax : Learn about India's efforts to combat fake ITC frauds, including special drives, legal actions, and GST guidelines for enforcement...

December 11, 2024 1002 Views 0 comment Print

Recommendations during 54th meeting of GST Council

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...

September 10, 2024 12483 Views 0 comment Print

Live Course: Analysis of Input Tax Credit from a Litigation Perspective

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...

August 4, 2024 8592 Views 0 comment Print

CBIC detect Rs. 36,374 Cr. Fake ITC in FY 2023-24

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...

July 29, 2024 1050 Views 0 comment Print


Latest Judiciary


Gujarat HC Denies Bail to Journalist Mahesh Langa in GST Case

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...

February 16, 2025 30 Views 0 comment Print

Statutory remedy of appeal should be availed before invoking writ jurisdiction

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...

February 16, 2025 63 Views 0 comment Print

Kerala HC Rejects GST Fake Invoice Notice Challenge, Cites Alternative Remedy

Goods and Services Tax : Kerala High Court dismisses challenge to GST fake invoice notice, directing the petitioner to seek alternative remedies instead of...

February 15, 2025 153 Views 0 comment Print

ITC Denial on Retrospectively Cancelled Registrations: Case Remanded for Re-adjudication

Goods and Services Tax : Calcutta High Court sets aside ITC denial due to retrospective GST registration cancellation and remands case for fresh adjudicati...

February 14, 2025 192 Views 0 comment Print

Absence of GSTN in Supplier Certificate Not Enough to Deny ITC: Allahabad HC

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 ...

February 14, 2025 162 Views 0 comment Print


Latest Notifications


ITC Availability for Goods Under Ex-Works Contract Clarified

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...

December 31, 2024 7623 Views 0 comment Print

Clarification on ITC Reversal for ECO under GST Act

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...

December 31, 2024 1488 Views 0 comment Print

Advisory on GST Invoice Management System (IMS) Phase 1

Goods and Services Tax : GSTN issues advisory on the new Invoice Management System (IMS) for accepting or rejecting supplier invoices, impacting GSTR-2B an...

November 12, 2024 21564 Views 0 comment Print

Clarification on Input Tax Credit: Circular No. 237/31/2024-GST

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...

October 15, 2024 15660 Views 0 comment Print

New GST Invoice Management System Launched on 14th Oct 2024

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...

October 14, 2024 1653 Views 0 comment Print


Latest Posts in input tax credit

Gujarat HC Denies Bail to Journalist Mahesh Langa in GST Case

February 16, 2025 30 Views 0 comment Print

Gujarat HC rejects bail plea of journalist Mahesh Langa in an alleged GST fraud case, citing ongoing investigation and multiple similar allegations.

New Invoice Management System (IMS) Simplifies GST ITC Claims

February 16, 2025 495 Views 0 comment Print

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 […]

Impact of Finance Bill 2025 on ISD, Blocked Credit & Credit Note

February 16, 2025 192 Views 0 comment Print

Explore the changes proposed by the Finance Bill 2025 on Input Service Distributor (ISD), Blocked Credit, and Credit Note under the GST Act.

Statutory remedy of appeal should be availed before invoking writ jurisdiction

February 16, 2025 63 Views 0 comment Print

Jharkhand High Court directs Sursarita Vanijya to appeal under Section 107 of the CGST Act before filing a writ against GST demand. 

Kerala HC Rejects GST Fake Invoice Notice Challenge, Cites Alternative Remedy

February 15, 2025 153 Views 0 comment Print

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 Claims: A Roller Coaster Ride for Taxpayers

February 14, 2025 4611 Views 0 comment Print

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.

ITC Mystery: Does RBI Fit the Banking Company Definition?

February 14, 2025 981 Views 0 comment Print

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.

ITC Denial on Retrospectively Cancelled Registrations: Case Remanded for Re-adjudication

February 14, 2025 192 Views 0 comment Print

Calcutta High Court sets aside ITC denial due to retrospective GST registration cancellation and remands case for fresh adjudication.

Absence of GSTN in Supplier Certificate Not Enough to Deny ITC: Allahabad HC

February 14, 2025 162 Views 0 comment Print

Allahabad HC rules that ITC claims cannot be denied solely due to missing GSTN in supplier certificates, directing a fresh review of the case.

Safari Saga: Finance Act 2025 Amends GST ITC Rules for Construction

February 13, 2025 879 Views 0 comment Print

The Finance Act 2025 retroactively amends GST ITC provisions, limiting credits for construction of immovable properties, impacting leasing and renting activities.

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