Goods and Services Tax : Explore the nuances of input tax credit under GST and its commercial expediency, drawing parallels with income tax jurisprudence a...
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) ...
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...
Goods and Services Tax : Explore how taxpayers can manage GST liabilities with Form GST DRC-20 under Section 80. Learn about instalment options, eligibilit...
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...
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 : Join our live webinar on Block Credit in GST u/s 17(5) to understand ITC, eligibility criteria, and critical provisions. Expert in...
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...
Goods and Services Tax : Explore the limitations and settlements regarding GST input tax credit, including late fees, penalties, and recent amendments. Dis...
Goods and Services Tax : Explore how the implementation of GST in India has affected income inequality and living standards. Analysis of tax collection imp...
Goods and Services Tax : Read the detailed analysis of Ravi Chitra Vs Assistant Commissioner (ST) at Madras High Court. Case involves GST liability due to ...
Goods and Services Tax : Read the detailed judgment of Madras High Court criticizing the GST Department's handling of e-invoice and e-way bills in M. R. V....
Goods and Services Tax : In Sri Velavan Traders Vs State Tax Officer (Madras High Court), understand why GST-registered entities must respond to show cause...
Goods and Services Tax : Understand GST ITC eligibility on wires/cables & equipment for electricity transmission. Detailed analysis of Gujarat AAR ruling o...
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...
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, ...
Goods and Services Tax : Clarification on ITC entitlement for insurance companies on motor vehicle repairs under reimbursement claim settlement as per CGST...
Goods and Services Tax : Explore the detailed minutes and recommendations from a recent Grievance Redressal Meeting chaired by the Principal Chief Commissi...
Goods and Services Tax : Catch up on the latest CBIC updates including legacy cases, gold smuggling bust, GST fraud crackdown, and inspiring achievements. ...
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...
The law related to payment of consideration (value along with tax payable) to the vendors within 180 days from the date of issue of invoice failing which the recipient is burdened with the liability to pay back the amount of ITC availed, proportionate to the unpaid amount, along with interest has always been a subject matter of discussion.
Learn how Input Tax Credit (ITC) can be availed even when there is a mismatch in GSTR-2A/2B. Understand the procedure applicable for the financial year 2017-2018 & 2018-2019, covering scenarios such as GSTR-1 not filed, failed reporting, wrong reporting, and incorrect GSTN. Get insights into the process to claim ITC in case of discrepancies and the conditions to be fulfilled. Stay informed with the latest updates post the 48th GST Council meeting.
Relief for taxpayers! Circular issued for unmatched invoices in GSTR 2A for FYs 2017-18 and 2018-19. Understand the conditions and procedures for availing relief. Stay compliant and informed with the latest GST updates.
Find out how the Commissioner CBICs Circular No. 183/15/2022-GST solved the Input Tax Credit Mismatch between GSTR1 & 2A for 2017-18 & 2018-19. Learn more!
HC held that dealers cannot be compelled to carry forward ITC from extant regime to the Goods and Services Tax regime if the dealer chooses to avail refund instead.
Clarifying the difference between ITC availed in GSTR-3B and GSTR-2A according to GST policy wing Circular No. 183/15/2022-GS. Get details about the FY 2017-18 and 2018-19 policies here!
The recent CBIC Circular No. 183/15/2022-GST dt. 27.12.2022 dealing with the issue of mismatch of the input tax credit (ITC) claim made in GSTR 3B with GSTR 2A for FY 2017-18 & FY 2018-19 demonstrates the same mindset as it seeks to do something which should not be done at all.
In The Current Environment, Input Tax Credit Is The Heart of Indirect Taxation. As Of Now We All Know That ITC Is The Most Crucial Part In GST Regime. If We Are Talking About Future Then We Can Say That Maximum Of The Litigations Will Arises Due To Input Tax Credit. After Considering All These […]
Input credit means at the time of paying tax on output, you can reduce the tax you have already paid on inputs. Input tax credit in relation to GST to a registered person means, the CGST, SGST/UTGST or IGST charged on any supply of goods or services or both made to him.
Attempting to understand if there is a refund of unutilised ITC on Works Contract for Construction Services under the GST regime? This blog post provides detailed analysis to answer this question.
