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ITC Cannot Be Denied for Seller’s Default: Supreme Court
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

Rushil Gupta
Nov 24


How to File Your Income Tax Return (ITR) in India – Complete Guide for Taxpayers
Filing your income tax return (ITR) is not just a compliance requirement—it’s also a way of keeping your financial records transparent...

Rushil Gupta
Sep 3


No Tax Liability Without Consignment Note: CESTAT
In a recent ruling, the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) delivered a significant verdict in favour of a...

Rushil Gupta
Apr 19


No Penalty for Clerical errors in E-Way Bill
The petitioner, Vishnu Singh, was engaged in the transportation of goods within the State of Uttar Pradesh. While generating the e-way...

Rushil Gupta
Mar 3


No penalty for IGST claimed as CGST /SGST
The petitioner, a partnership firm engaged in wholesale trading of iron and steel, challenged the Appellate Authority’s order, which...

Rushil Gupta
Feb 21
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