The Central Board of Excise and Customs ( CBEC ) has started enquiring about Proprietary businesses, LLPs and HUFs, which took registration under GST between October 2016 and June 2017, for claiming input tax credit. Reportedly, the

The Central Board of Indirect Taxes and Customs (CBIC), while clarifying the process of recovery of arrears of wrongly availed CENVAT credit under the existing law and CENVAT credit wrongly carried forward as transitional credit

The upcoming monsoon session of the Parliament is all set to pass the proposed amendments in the GST Laws with retrospective effect to deny transitional credit to taxpayers against cesses levied in the earlier indirect

The Tamil Nadu Appellate Authority of Advance Ruling (AAAR) ruled that the issue of eligibility of Transitional Credit not covered under the purview of the Advance Ruling. The appellant, Shapoorji Pallonji and Company Private Limited

Following the Supreme Court giving nod to open the GST window for filing of transitional credit after four weeks, the Goods and Services Tax Network (GSTN) has informed the taxpayers that it would facilitate the

The taxpayers are now in trouble as the income tax department has started detailed verification of transitional credit claims made by them under the new Goods and Services Tax ( GST ) regime and has

A two-judge bench of the Gujarat High Court has upheld the constitutional validity of the provisions of section 140 (5) of the Central Goods and Services Tax (CGST) Act, 2017 and clarified that the provision

The Central Government has extended due date for filing the period for submitting the declaration in Form GST TRAN – 1 from January 31, 2019 to March, 2019 for the class of registered persons who

While rejecting the petition filed by Shree Motors, the Rajasthan High Court has denied transitional credit due to non-attempt to file GST Tran-1. The petitioners had purchased goods prior to the appointed date, 01.07.2017, which

The Goods and Services Tax (GST) was introduced on 1st of July, 2017. The last date for payment of GST for the month of July 2017 was 25th August, 2017. The last date for filing returns in

In a major relief to Godrej & Boyce, the Bombay High Court quashed the Show Cause Notice for allegedly availing inadmissible transitional credit worth Rs.3.83 Crores as it has been issued on an erroneous legal

The Central Board of Excise and Customs (CBEC) today clarified certain issues relating to the export refund under GST. A circular issued by the Board, in this regard, deals with issues such as non-availment of

In a move to curb tax evasion and to boost up the revenue figures, the Government may introduce another return form to the Companies that availed of more than Rs 25 lakh credit under the

Following the Supreme Court direction in July to re-open the window for availing transitional credit to all the taxpayers, the central government is now seeking a period of 30 days to facilitate the service. In

The Goods and Services Tax ( GST ) department has issued notices and asked the tax payers to produce documents for detailed verification of transitional credits claimed. Earlier, the department had identified around 50,000 tax