Read all Latest Updates on and about Input Tax Credit

Top

Begin typing your search above and press return to search.

Home
»
Input Tax Credit

Exploration and Mining Support Services May Soon Attract 18% GST, Up from 12%

Kavi Priya

Exploration, drilling, and mining support services may soon become more costly. The 56th meeting of the Goods and Services Tax (GST) Council was...

Will Reduced GST rate on Medical Devices lead to Inverted Duty Structure? Know more

56 th GST Council recommends Provision for Risk Based Provisional Sanction of Refunds arising out of...

56th GST Council Recommends to Amend Post-Sale Discount Provisions: S. 15(3)(b)(i) to be Omitted, To...

CBIC Circular on Refunding Unutilised GST ITC u/r 89(5) Not Prospective: Supreme Court Dismisses...

CIT(A) & AO Ignores status of GST Angle in ₹25.17 cr Bogus Purchase Case: ITAT orders fresh Adjudication [Read Order]

The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) has remanded a case involving alleged bogus purchases worth ₹25.17 crore to the Assessing Officer (AO) for a fresh inquiry, after...

From Registration to Refunds: ICAI Suggests Fixes for Practical Issues in GST [Read suggestions]

The GST & Indirect Taxes Committee of the Institute of Chartered Accountants of India ( ICAI ) has published a thorough set of recommendations addressing a number of practical problems with the...

Odisha Income Tax Officer Arrested for Allegedly Taking ₹25,000 Bribe from a Bakery Owner

Vigilance officers arrested a 55-year-old tax officer in Bhubaneswar, Odisha, on 27th August after she was allegedly caught taking a bribe of Rs. 25,000 from a bakery owner. According to The Times...

TVS Supply Chain Solutions Receives ₹4.9 Crore GST Demand for Alleged Excess ITC Availment

TVS Supply Chain Solutions Limited has informed the stock exchanges that it has received an order from the Goods and Services Tax Department at Jamshedpur. The order was issued by the Joint ...

GST Penalty u/s 122 imposed for Fake Invoice Issuance: Madras HC directs to file Reply on 25% deposit, Quashes Penalty Order

The Madurai Bench of the Madras High Court quashed a penalty imposed under Section 122 of the GST ( Goods and Services Tax ), with regards to the allegations of issuing fake invoices to fraudulently...

GST Rectification Order must be Passed by Same Authority that passed Original Order: Delhi HC [Read Order]

The Delhi High Court has clarified that rectification of a GST (Goods and Services Tax) order must be carried out by the same authority that passed the original order. A petition was filed by...

Refund of Excess GST Deposit During Inspection: Chhattisgarh HC Directs Adjustment During Final Adjudication or Against Dues [Read Order]

The High Court of Chhattisgarh, directed that any excess Goods and Service Tax (GST ) deposit made during inspection be adjusted during final adjudication or against dues payable to the...