GST is Blocking Excess ITC Soon – Here’s What You Must Fix Before Filing GSTR-3B GSTN is about to tighten the system controls on Input Tax Credit. Very soon, GSTR-3B will simply not get filed if: You reclaim more ITC than what is available in the system, or You claim RCM ITC without actually paying the RCM liability, or Your GST ledgers show negative balances Till now, GST portal was only giving warning messages. Taxpayers could still file returns and “adjust later”. That fle

Commissioner of Trade and Tax, Delhi, Versus Shanti Kiran India (P) Ltd. In a welcome decision that brings much-needed clarity and fairness to the ITC regime, the Supreme Court has once again held that a genuine buyer cannot be denied input tax credit merely because the seller failed to deposit tax or later had their registration cancelled. The Court emphasised that when a purchaser buys goods from a dealer who is validly registered at the time of the transaction and pays tax

The petitioner, Vishnu Singh, was engaged in the transportation of goods within the State of Uttar Pradesh. While generating the e-way...

The petitioner, a partnership firm engaged in wholesale trading of iron and steel, challenged the Appellate Authority’s order, which...

The petitioner’s GST registration was cancelled  by the respondents through an order dated 20.03.2023. The cancellation was based on the...

Detailed Judgment Summary: Gujarat Chamber of Commerce and Industry & Ors vs. Union of India & Ors Key Issues Addressed Whether the...

The Central Board of Indirect Taxes and Customs (CBIC) issued a circular clarifying the eligibility of Input Tax Credit (ITC) under...

The taxation of services under GST often raises intricate questions, especially in cases where healthcare and ancillary services...

ITC under GST should not be denied due to limitation period as per 16(4). Payment of late fees and interest are already there as deterrent.

The government has officially notified Section 128A of the CGST Act, effective from 01.11.2024 , which provides a waiver of interest and...

To assist taxpayers in correctly reporting Reverse Charge Mechanism (RCM) transactions, a new statement called "RCM Liability/ITC...

Background A writ petition under Article 226 of the Constitution of India was filed by the petitioner, who was aggrieved by a GST penalty...

In a recent judgment that underscores the importance of due process in tax matters, the Hon'ble Delhi High Court delivered a significant...

Engineering Tools Corporation Vs Assistant Commissioner

In a recent development, the Hon'ble Kerala High Court, in the matter of M/s. Chukkath Krishnan Praveen v. State of Kerala, delivered a...

Court Grants Rectification in Landmark GST Dispute In a recent legal milestone, a petitioner from the electronic component manufacturing...

In a recent decision (Advance Ruling No. RAJ/AAR/2023-24/14), the AAR, Rajasthan clarified that landlords are now liable to pay GST on a...

In order to facilitate the taxpayers in correct and accurate reporting of ITC reversal and reclaim thereof and to avoid clerical...

The Supreme Court has just given a significant nod to taxpayers, dismissing the Department's Special Leave Petition against the Calcutta...

In accordance with the Goods and Services Tax (GST) system, various goods and services, including rental properties, are subject to...