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...
Mere collection of tax by the selling dealer is not sufficient; the tax must be duly paid to the government. The burden of proof lies with the purchasing dealer to substantiate that the tax collected has indeed been paid to the government by the supplier.
Sumit Mansingka Vs E-Homes Infrastructure Pvt. Ltd (Competition Commission of India) Introduction: The recent order issued by the Competition Commission of India (CCI) in the case of Sumit Mansingka vs E-Homes Infrastructure Pvt. Ltd highlights the Commission’s proactive approach towards ensuring compliance and fair practices in the construction and real estate sector. The CCI has […]
Understand the discrepancies and mismatches between GSTR-2A, GSTR-2B, and GSTR-8A in the GST system. Learn the reasons, implications for taxpayers, and how to reconcile to ensure accurate input tax credit claims, avoid compliance issues, and maintain healthy cash flow.
Understand recent Calcutta High Court ruling on recovering Input Tax Credit (ITC) from purchasers. Analysis of judgment and its implications. Learn when tax department can proceed against buyers.
Understand the impact of Rule 88D and Form DRC-01C in dealing with differences between GSTR-2B and GSTR-3B. Learn about the notification, process, and implications for businesses. Stay compliant with the latest Central Goods and Services Tax (CGST) Rules, 2023.
वस्तु और सेवा कर (जीएसटी) के क्षेत्र में नियमित बदलाव होते रहते हैं, जिनका उद्देश्य प्रक्रियाओं को सुगम बनाना और राजस्व संग्रहण को बढ़ावा देना होता है। ऐसी एक हाल ही में की गई योजना है जीएसटी विभाग द्वारा, जिसका नाम नियम 88D है, जो अगस्त 2023 से प्रभावी हुआ है। इस परिवर्तन ने कई […]
Explore the new Rule-88D handling mismatches in ITC between GSTR-2B/3B. Learn about DRC-01C, applicable taxpayers, and procedures under GST Notification 38/2023.
Explore the detailed analysis of the new Rule 88D of CGST Rules, 2017 through Notification No.38/2023-Central Tax dated 4th August, 2023. Learn how this rule impacts taxpayers’ input tax credit claims and compliance.
Explore GST Rule 86B: Restrictions on utilizing electronic credit ledger for tax payments. Learn about turnover thresholds, exemptions, and practical examples for compliance. Stay informed to optimize your input tax credit usage.
AAR, Telangana, in M/s. Sai Service Pvt. Limited ruled that, ITC cannot be availed on test-drive vehicles when retained in a workshop as a replacement vehicle.
