Read all Latest Updates on and about Input Tax credits

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Input Tax credits

Time Limit for Availing ITC on Differential IGST Begins from Date of Re-assessment and not Initial Date of Bill of Entry: AAR [Read Order]

Akhaigha T Josh

The Tamil Nadu Authority for Advance Ruling (AAR) analyzed the applicability of the time limit under Section 16(4) of the Central Goods and Services...

GST Win for Pharma Giant: AAR Allows ITC on Mandatory Canteen Services Under Factories Act [Read...

Invocation of Revision Powers under GST to Deny Refund of Excess ECL/ECrL Amounts: Supreme Court...

ICAI releases Handbook on Invoicing under GST [Read Notification]

Orissa HC Sets aside Order Passed u/s 74 of CGST due to Jurisdictional Error [Read Order]

Can startups and MSMEs claim both Income Tax and GST benefits simultaneously?

What do you mean by start-up and MSME? A: A startup is an innovative company that is in the early stages of business development. They are usually founded by entrepreneurs who develop an idea or...

Journalist Arrested in GST Fraud: More than 200 Fake Companies and Forged Papers Uncovered, ED to Probe

On Tuesday, the Crime Branch of Ahmedabad Police arrested 20 individuals, including a journalist from The Hindu, in connection with a significant Goods and Services Tax ( GST ) fraud case. The...

Delhi HC upholds Bail to Accused of Filing GST Input Credit Claims for non-existent Firms [Read Order]

The Delhi High Court today upheld the bail granted to Sanjeev Malhotra, a director of M/s Best Buildwell Private Limited, who was accused of filing fraudulent Goods and Services Tax ( GST ) input...

GST Fraud of Rs.10000 Cr: Noida Police nabs Suspect after 9-Month-Long Pursuit

A 31-year-old, who had been evading authorities for the past nine months, has been arrested in connection with a Rs 10,000-crore GST fraud orchestrated across the country. Babar Khan allegedly...

DGGI Exposes Rs 20 Crore GST Evasion in Chewing Tobacco Business; Arrests one [Read Order]

The Ahmedabad zonal unit of the Directorate General of GST Intelligence (DGGI) has recently brought to light a significant case of tax evasion, amounting to a substantial Rs 20 crore, involving...

DGGI - GST Evasion - Chewing Tobacco - Business - Arrests one - taxscan

DGGI issues GST Notices of Rs 922 Crore to Reliance General Insurance, Report says [Read Order]

The Directorate General of GST Intelligence (DGGI) has issued three show-cause letters totaling Rs 922.58 crore to Reliance General Insurance Company (RGIC), a Reliance Capital subsidiary run by Anil...

Important Update: GSTN Introduces New Tab Rule-86B Restricting Use of ITC in ECL

The Goods and Services Tax Network (GSTN) has introduced a new tab ‘Rule-86B’ in the GST Portal restricting the use of Input Tax Credit (ITC) amount in the Electronic Cash Ledger (ECL). You can...