Sponsored
    Follow Us:

input tax credit

Latest Articles


Input Tax Credit and Commercial Expediency: A Comparative Analysis with Income Tax Jurisprudence

Goods and Services Tax : Explore the nuances of input tax credit under GST and its commercial expediency, drawing parallels with income tax jurisprudence a...

July 13, 2024 738 Views 0 comment Print

Clarifying Compliance: Challenges & Solutions in GST Input Tax Credit Reversal

Goods and Services Tax : Explore challenges and solutions in GST Input Tax Credit reversal compliance, focusing on the intricacies of Section 15(3)(b)(ii) ...

July 10, 2024 1749 Views 0 comment Print

Inverted Duty Structure and refund of ITC

Goods and Services Tax : Understand the Inverted Duty Structure in GST and how to claim refunds on unutilized Input Tax Credit (ITC). Explore detailed insi...

July 10, 2024 1176 Views 0 comment Print

Deferred Payment Remedy for Taxpayers Facing Financial Instability: Filing Form GST DRC-20

Goods and Services Tax : Explore how taxpayers can manage GST liabilities with Form GST DRC-20 under Section 80. Learn about instalment options, eligibilit...

July 8, 2024 1101 Views 0 comment Print

GST ITC – Honest Tax Payers Are In Trouble Story

Goods and Services Tax : Discover the challenges faced by dealers when GST ITC is blocked. Learn expert advice, legal insights, and potential actions to re...

July 5, 2024 8127 Views 1 comment Print


Latest News


Live Course on 360 degree 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...

July 14, 2024 3501 Views 0 comment Print

Live webinar: Block Credit in GST under Section 17(5)

Goods and Services Tax : Join our live webinar on Block Credit in GST u/s 17(5) to understand ITC, eligibility criteria, and critical provisions. Expert in...

May 13, 2024 12672 Views 0 comment Print

Meerut CGST Commissionerate Busts Rs. 1,000 Cr ITC Fraud

Goods and Services Tax : Meerut CGST Commissionerate exposes a syndicate claiming fraudulent Input Tax Credit of over Rs. 1,000 crore through 232 fake firm...

March 9, 2024 579 Views 0 comment Print

GST Input Tax Credit: Issues, Settlements and Government Measures

Goods and Services Tax : Explore the limitations and settlements regarding GST input tax credit, including late fees, penalties, and recent amendments. Dis...

February 7, 2024 2304 Views 0 comment Print

Elimination of Inequality in Income & Living of Citizens by GST Implementation

Goods and Services Tax : Explore how the implementation of GST in India has affected income inequality and living standards. Analysis of tax collection imp...

February 7, 2024 510 Views 0 comment Print


Latest Judiciary


ITC eligibility on wires/cables & equipment for electricity transmission

Goods and Services Tax : Understand GST ITC eligibility on wires/cables & equipment for electricity transmission. Detailed analysis of Gujarat AAR ruling o...

July 17, 2024 99 Views 0 comment Print

Procedural Mistakes in ITC Transition Shouldn’t Deny Proven Credit: Madras HC

Goods and Services Tax : Explore the Madras High Court's ruling on Tvl. Moon Labels Vs Government of India regarding procedural errors in ITC transitioning...

July 16, 2024 207 Views 0 comment Print

Madras HC Allows Ramco Cement to Contest 6 issues confirmed in GST Order

Goods and Services Tax : Read the Madras High Court judgment allowing Ramco Cements to challenge GST orders on multiple issues, including tax on sale of se...

July 15, 2024 333 Views 0 comment Print

ITC Ineligible on Breakwater-Wall for Vessel Safety, Not Plant & Machinery

Goods and Services Tax : Bombay High Court rules on Konkan LNG vs Commissioner of State Tax case, denying GAIL subsidiary input tax credit for breakwater-w...

July 15, 2024 177 Views 0 comment Print

No Violation of Natural Justice: Madras HC Refuses to Intervene in GST order  

Goods and Services Tax : Read the Madras High Court's decision on GST non-reporting issues in monthly and annual returns, despite clerical errors claimed b...

July 15, 2024 231 Views 0 comment Print


Latest Notifications


Input Tax Credit on Ducts & Manholes Used in Optical Fiber Cable Networks

Goods and Services Tax : Clarification on the availability of input tax credit for ducts and manholes used in optical fiber cable networks under CGST Act, ...

June 26, 2024 357 Views 0 comment Print

ITC Entitlement for Insurance Companies on Motor Vehicle Repair Expenses under Reimbursement Claims

Goods and Services Tax : Clarification on ITC entitlement for insurance companies on motor vehicle repairs under reimbursement claim settlement as per CGST...

June 26, 2024 447 Views 0 comment Print

Minutes of GST Grievance Redressal Meeting held on 22.04.2024

Goods and Services Tax : Explore the detailed minutes and recommendations from a recent Grievance Redressal Meeting chaired by the Principal Chief Commissi...

May 1, 2024 2217 Views 1 comment Print

Weekly Newsletter from Chairman, CBIC dated 08/04/2024

Goods and Services Tax : Catch up on the latest CBIC updates including legacy cases, gold smuggling bust, GST fraud crackdown, and inspiring achievements. ...

April 8, 2024 438 Views 0 comment Print

Non-issuance of notices in case of voluntary compliance under Sections 73 and 74 of KSGST Act, 2017

Goods and Services Tax : Understand the procedures for voluntary tax compliance under Sections 73 and 74 of the KSGST Act, 2017. Detailed analysis of Circu...

April 6, 2024 3225 Views 0 comment Print


ITC Mismatch: GSTR-2B vs. GSTR- 3B (Rule 88D/ DRC-01C)

October 7, 2023 26073 Views 1 comment Print

Explore implications of Rule 88D in GST compliance as we delve into intricacies of GSTR-2B and GSTR-3B mismatch analysis, its pros, and cons.

ITC cannot Be denied for Wrong GSTIN declaration Without Relief as per Circular No. 183

October 6, 2023 5025 Views 0 comment Print

In case of Makhan Lal Sarkar vs. Assistant Commissioner of Revenue, Calcutta High Court directs Revenue Department to reevaluate denial of Input Tax Credit (ITC) based on Circular No. 183.

GST Input Tax Credit Claim: Problems Due to Wrong Interpretation of Law

October 4, 2023 26739 Views 1 comment Print

Explore challenges faced by GST taxpayers due to incorrect interpretation of law, disallowance of input tax claims, and need for an amnesty scheme.

Introduction of Electronic Credit Reversal and Re-claimed statement on GSTN

October 4, 2023 9399 Views 1 comment Print

Learn about introduction of Electronic Credit Reversal & Reclaimed Statement on GSTN, its purpose, reporting guidelines & amendment opportunities.

Prospective Amendment – ITC On CSR Expenditure Under GST

October 2, 2023 23736 Views 0 comment Print

Explore prospective amendment regarding Input Tax Credit (ITC) on CSR expenditure under GST. Learn about amendment, expert opinions, and unanswered questions.

Request for Amnesty Scheme and Withdrawal of Notices for Section 16(4)

October 2, 2023 35991 Views 3 comments Print

Explore issues with GST Input Tax Credit (ITC) claims and need for clarity. Also, discover a plea for an amnesty scheme for affected taxpayers.

ITC Cannot Be Denied merely Based on GSTR 2A & 3B Discrepancies: Kerala HC

October 2, 2023 40644 Views 0 comment Print

Kerala High Court directs readjudication of input tax credit (ITC) claim, stating that discrepancies between GSTR 2A and GSTR 3B alone cannot be grounds for denial

Unlocking Growth: Interest on Un-Utilized ITC Under CGST Act

September 30, 2023 1404 Views 0 comment Print

Learn how interest on un-utilized Input Tax Credit (ITC) under the CGST Act can boost business liquidity and foster economic growth in India.

Penalty u/s. 122 imposable for default in tax payment on wrong claim of input tax credit

September 28, 2023 3693 Views 0 comment Print

Patna High Court held that imposition of penalty u/s 122 of Bihar Goods and Services Tax Act, 2017 (BGST Act) justified as assessee defaulted in tax payment due to an excessive claim of input tax credit which was later deposited without interest due under Section 50

GST on CSR Activities: ITC Eligibility and Legal Implications

September 26, 2023 5553 Views 0 comment Print

Explore implications of GST on Corporate Social Responsibility (CSR) activities under Companies Act, 2013, and eligibility of Input Tax Credit (ITC).

Sponsored
Search Post by Date
July 2024
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031