Goods and Services Tax : Learn about claiming refunds for excess amounts in your GST Electronic Cash Ledger. Understand the process, requirements, and step...
Goods and Services Tax : Section 34(2) of CGST Act allows a supplier to issue a credit note to adjust the taxable value or tax payable in case of: Post-s...
Goods and Services Tax : The Input Service Distributor (ISD) mechanism under GST enables businesses with multiple branches to centrally receive and allocat...
Goods and Services Tax : From April 1, 2025, ISD registration is mandatory for businesses distributing input tax credit on services across multiple offices...
Goods and Services Tax : Understand ITC reversal rules for banks & NBFCs. Compare Rule 38 & Rule 42 for ITC claims, exemptions, and GSTR-3B reporting. Find...
Goods and Services Tax : KSCAA highlights practical GST challenges in Sec 128A & Sec 16(4), urging clarifications on appeals, ITC, interest waivers, and mu...
Goods and Services Tax : Learn about India's efforts to combat fake ITC frauds, including special drives, legal actions, and GST guidelines for enforcement...
Goods and Services Tax : Explore the key recommendations made by the GST Council during its 54th meeting, including changes in GST rates, GoM formations, a...
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...
Goods and Services Tax : CBIC detected Rs. 36,374 crore worth of fake ITC in FY 2023-24 involving 9,190 cases. Key measures and data on ITC fraud detection...
Goods and Services Tax : Delhi High Court sets aside GST demand on DLF Home Developers, ruling that the issue will be adjudicated by DGGI. Read details o...
Goods and Services Tax : Gujarat High Court grants bail to Harsh Vinodbhai Patel in GST fraud case involving ₹22 crore input tax credit. Court cites comp...
Goods and Services Tax : Assessee clarified that Form ST-3 was incorrect as some of the invoices inadvertently remained unaccounted for the said period and...
Goods and Services Tax : Kerala HC rules that availing CGST/SGST credit instead of IGST does not lead to revenue loss. Orders reconsideration of penalty on...
Goods and Services Tax : Madras High Court sets aside GST interest and penalty order, citing prior ITC reversal. Petitioner gets a final chance to file obj...
Goods and Services Tax : CBIC unveils trade facilitation measures, combats counterfeit currency, and detects ₹80 crore GST fraud. Key developments from I...
Goods and Services Tax : CBIC clarifies ITC eligibility for goods delivered under Ex-Works contract as per Section 16(2)(b) of CGST Act, 2017...
Goods and Services Tax : The circular clarifies that electronic commerce operators under section 9(5) of CGST Act need not reverse input tax credit for spe...
Goods and Services Tax : GSTN issues advisory on the new Invoice Management System (IMS) for accepting or rejecting supplier invoices, impacting GSTR-2B an...
Goods and Services Tax : CBIC clarifies input tax credit provisions under Section 16(5) & 16(6) of CGST Act, detailing rectification procedures for wrong c...
Dive into implications of CGST Rule 37A on input tax credit reversal. Learn process, time limits, and consequences for recipients and suppliers.
When it comes to GST, JDAs can be complex due to the different roles and responsibilities of the parties involved. One of the key aspects to consider is the availability of Input Tax Credit (ITC) for GST paid on inputs and input services.
Learn how to handle discrepancies in GSTR-2A and GSTR-3B for FY 2017-18 to 2018-19 under CGST Act 2017. Explore scenarios, clarifications, and practical solutions.
Explore the recent landmark judgment by Rajasthan HC on ITC refund denial in the case of Nahar Industrial Enterprises. Analysis of the decision and its implications.
Demystify Electronic Credit Reversal and Reclaimed Statement (ECRRS) in GST compliance with this comprehensive guide. Explore 10 key points covering mechanisms, conditions, and reporting nuances. Learn to track ITC temporary reversals, reclaim reversals from earlier tax periods, report in 4D(1), avoid excess claims, and calculate aggregate ITC. Understand opening balance reporting for monthly and quarterly filers, permissible amendments, and ECRRS ledger components. Master ECRRS for accurate and seamless GST compliance. Stay informed, stay compliant
Explore GSTR-3B Part 4, decoding Table 4 for Eligible ITC. Learn to fill details for import, reverse charge, and reclaimable ITC. A lucid guide for seamless compliance.
HC held that, demand of interest and penalty is not tenable when credit erroneously availed is reversed and such credit is not utilized
CGST Delhi East uncovers a syndicate of 48 fraudulent firms, involved in a ₹199 crore ITC scam. 3 arrests made in ‘Operation Clean Sweep.’
Stay compliant! Learn about the latest GSTN notification on ITC reversal for GSTR 3B non-filing by suppliers. Understand the rules, deadlines, and consequences. Act before November 30th.
Explore GST implications & Input Tax Credit eligibility for canteen and transportation services in recent AAR Telangana ruling on Kirby Building Systems.
