Goods and Services Tax : A supplier cannot issue a GST credit note merely because the buyer has not paid the invoice. The proper remedy is to document the ...
Goods and Services Tax : The article explains how mandatory IMS and the Zero-Mismatch Policy require taxpayers to verify invoices before claiming ITC, maki...
Goods and Services Tax : The article explains how IMS makes accepted invoice records the basis for ITC eligibility, strengthening compliance, fraud detecti...
Goods and Services Tax : The Madras High Court held that retrospective cancellation of a supplier's GST registration alone is insufficient to deny ITC. Aut...
Goods and Services Tax : The article explains why retrospective GST cancellation alone should not result in ITC denial where buyers have complied with Sect...
Goods and Services Tax : Representation addressed to Union Finance Minister, GST Council and CBIC seeks legislative and administrative relief for bona fide...
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 : Madras High Court set aside certain GST orders after holding that DRC-01 notice should have preceded adjudication following the ea...
Goods and Services Tax : Odisha AAR held that questions relating to refund of accumulated ITC under Section 54(3) are not maintainable under the advance ru...
Goods and Services Tax : The High Court granted regular bail in a GST fraud prosecution after noting that the investigation had been completed, the complai...
Goods and Services Tax : The SC declined to interfere with the High Court ruling that Rule 86A cannot be used to create a negative Electronic Credit Ledger...
Goods and Services Tax : The High Court held that Rule 86A permits blocking only of input tax credit actually available in the Electronic Credit Ledger. Ne...
Goods and Services Tax : GSTN has launched a standardized Annexure-B Offline Utility for refund applications involving accumulated ITC to enable automated ...
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...
Secure your GST refund of unutilised Input Tax Credit (ITC) with the new GST Law’s Section 54(3). Learn about zero rated supplies and inverted duty structure and their bearing on ITC refund via this blog post.
Amendments to Input Tax Credit (ITC) in GSTR-9 for F.Y.2022-23, analyzing reporting changes, potential issues, and solutions for seamless GST compliance
Rule 37(A) of CGST Rules! Learn about ITC reversal obligations, deadlines, and process. Team GSTN provides essential guidance for taxpayers.
Advisory on how to resolve Input Tax Credit (ITC) mismatches between GSTR-2B and GSTR-3B using new GST DRC-01C. Take action to avoid filing disruptions!
Article explains intricacies of GST Rule 42 and Rule 43, governing reversal of Input Tax Credit. Learn calculation methods and scenarios through an illustrative example.
Delhi High Court grants refund for Input Tax Credit (ITC) rejected under GST. Explore the case of Star Publishers Distributors Vs Assistant Commissioner of CGST and its implications.
Punjab and Haryana High Court ruled in Deepak Sales Corporation vs. Union of India that no interest or penalty is applicable when input tax credit is not utilized.
गुड्स एंड सर्विस टैक्स सेंट्रल मेरठ (Goods & Services Tax) की इंटेलिजेंस (DGGI) ने एक बड़ा फर्जीवाड़ा पकड़ा प्रेस विज्ञप्ति का सारांश :- गुड्स एंड सर्विस टैक्स इंटेलिजेंस डायरेक्टर जनरल (DGGI ) मेरठ कि जोनल यूनिट ने बड़े पैमाने पर फर्जी चालान बनाने का एक सिंडिकेट पकड़कर महत्वपूर्ण सफलता प्राप्त की है ।इस सिंडिकेट ने […]
DGGI Meerut dismantles a massive fake invoicing syndicate involving 102 fake entities and a turnover of Rs. 1,481 crore. Learn about the operation, arrests, and implications
Explore key points for Chartered Accountants issuing CA certificates in GST. Learn about the specific ITC mismatch categories, responsibilities, and limitations
