#input tax credit
Log in to FollowLatest input tax credit updates, notifications, rulings, case laws, compliance requirements and expert analysis covering GST developments on TaxGuru.

Subsequent Effects of Claiming Fake GST Input Tax Credit

GST Rule 86B of CGST Act, 2017

2 held by CGST Officials for ITC fraud of more than Rs 10 crore

GST ITC available on installation of Solar Power Panel as electricity so generated captively used for manufacture of taxable goods

Provisions of Section 16(2)(c) of CGST Act challenged before Tripura HC

ITC not admissible for bills of Jan to March 2020 for which supplier furnished GSTR-1/3B in November 2020

Maintenance Charges paid to RWA―Reversal of ITC

Procedural irregularity in ISD distribution is revenue neutral & will not effect substantive right of appellant

Rule 86A, Ambient hullabaloo there & usability of inadmissible ITC- the lessly said aspect

ITC fraud of more than Rs 31,000 crore busted in FY 2020-21

GST authorities recovers more than Rs 1,900 crore in tax evasion in FY 2021-22

Transfer of unutilized ITC in GST cannot be denied on account of technical glitches

ITC as per GSTR 2A/2B or as per BOOKS

Input Tax Credit – Restriction on ITC Utilisation in Electronic Credit Ledger
Explore the latest input tax credit updates on TaxGuru, including statutory provisions, notifications, circulars, advance rulings, judicial decisions and compliance developments. This page brings together practical coverage of important GST issues, procedural requirements and emerging interpretations to help taxpayers, businesses and professionals track changes and understand their compliance and litigation implications.
