Goods and Services Tax : The issue was whether buyers can claim ITC when suppliers default on tax payment. The court upheld denial, emphasizing ITC is cond...
Goods and Services Tax : Highlights that system-based NGTP tagging cannot replace proper verification before denying ITC. Key takeaway: factual investigati...
Goods and Services Tax : Courts ruled that denying ITC due to supplier non-payment is unjust when buyers act in good faith. The key takeaway is that bona f...
Goods and Services Tax : This explains how courts have imposed strict safeguards on ITC blocking under Rule 86A. The key takeaway is that due process is no...
Goods and Services Tax : The article highlights how aggressive GST actions impact genuine businesses. The key takeaway is the need for balanced enforcement...
Goods and Services Tax : Authorities uncovered fraudulent ITC claims based on fake invoices without actual supply of goods or services. The accused was arr...
Goods and Services Tax : Authorities uncovered fraudulent ITC claims exceeding ₹8 crore without actual supply of goods. The ruling highlights that ITC is...
Goods and Services Tax : CGST Delhi South arrested a director for allegedly availing ₹6.53 crore in fraudulent ITC based on bogus invoices worth ₹36.28...
Goods and Services Tax : Government advisories revised the IMS process to stop unfair tax escalation on credit note rejection. The key takeaway is balanced...
Goods and Services Tax : Important change in Table 6 of GSTR-9 for FY 24-25 - Taxpayers can now report ITC of previous financial year that was claimed in ...
Goods and Services Tax : The issue involved alleged cyber fraud where funds were credited to the petitioner’s account. The Court granted relief consideri...
Goods and Services Tax : The Court examined whether ITC can be denied when the supplier fails to deposit tax. It upheld the provision, ruling that ITC depe...
Goods and Services Tax : The Tribunal remanded the case after finding that ITC reversals on unsold inventory were not adequately examined. It directed fres...
Goods and Services Tax : Dispute on ITC mismatch between returns was remitted after ex-parte order, allowing reconciliation upon 10% pre-deposit. Key takea...
Goods and Services Tax : The High Court did not decide the constitutional challenge but directed authorities to reconsider the taxpayer’s objections and ...
Goods and Services Tax : The portal will restrict GSTR-3B filing if ITC reclaims exceed ledger balances. The key takeaway is mandatory correction of excess...
Goods and Services Tax : The Delhi government allows registered taxpayers to rectify GST orders where previously denied ITC is now eligible under section 1...
Goods and Services Tax : Rajasthan GST circular directs officers to reject Input Tax Credit claims for taxpayers who register after 30 days from becoming l...
Goods and Services Tax : Learn about the Rajasthan Commercial Taxes Department's new directive on verifying and rejecting Input Tax Credit claims for busin...
Goods and Services Tax : CBIC unveils trade facilitation measures, combats counterfeit currency, and detects ₹80 crore GST fraud. Key developments from I...
Dive into the Calcutta High Courts ruling on Fairdeal Metals case, absolving them of penalties for the Suppliers wrongful Input Tax Credit (ITC) availment. Understand the legal nuances and implications
Read about Madras High Court’s ruling in Ingram Micro India v. State Tax Officer. Assessment order quashed due to failure in considering crucial documents and Chartered Accountant’s certificate.
Madras High Court overturns GST revision order, granting Renault Nissan a chance for fair hearing on their substantial ITC refund claim. Read for detailed insights.
Delve into the complexities of recovery proceedings and appeal provisions under the GST Act, exploring court interpretations and implications for taxpayers. Gain insights into the quantum of recovery and pre-deposit requirements.
Explore the Delhi High Court’s directive to reconsider ITC refund application in light of CBIC circular, impacting Bharti Enterprises’ case. Full analysis inside.
AAR Gujarat clarifies on ITC claims for general business expenses, square foot basis, and applicability of CGST Rules 42/43 for Mangaldas Mehta & Co. Ltd.
Introduction: The Budget 2024 has introduced pivotal changes to the Goods and Services Tax (GST) regulations, particularly affecting Input Service Distributors (ISD). Stemming from recommendations made during the 50th and 52nd GST Council meetings, these amendments aim to refine the distribution of Input Tax Credit (ITC) for services procured by a Head Office (HO) that are […]
Explore the Madras High Court’s ruling in Tvl. J.M. Traders vs Deputy Commissioner case. Learn about Input Tax Credit block, Rule 86A, and implications for taxpayers.
A comprehensive breakdown of the Madras High Court judgment on ITC reversal without original tax invoices, affirming it doesn’t constitute double taxation under TNVAT Act.
Understand the significant changes proposed in the interim budget 2024 regarding the Input Service Distributor concept under GST, impacting businesses and compliance.
