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Input Tax Credit

GST: Govt Notifies Anti-Profiteering Rules [Read the Rules]

The Central Government has notified the Anti-profiteering Rules, 2017 under the GST law. The rules were earlier approved by the GST Council in its...

‘Dry Dock’ and ‘Fit Out Berth’ are Capital Goods under Gujarat VAT Act: Gujarat HC [Read Judgment]

GST Council finalizes Tax Rates, Okays Nine Draft Rules [Read the Complete List]

Wrongful Claim of Input Tax Credit is not a Ground for Cancellation of Registration under UP VAT...

Assessment cannot be Re-Opened Merely on Ground of Mismatch Found in Dept Website, says Madras HC...

Order cannot be passed on Mere Ground that Assessee failed to File Objection: Madras HC [Read Order]

In Tvl. Sun Powers v. CTO, the Madras High Court held that the Assessing Officer must confirm his proposals based on substantial materials and the failure on the part of the assessee to submit...

ASSOCHAM urges to Revoke notification on Input Tax Credit withdrawal on Natural Gas by Gujarat Govt.

Cost of RLNG has shot up to 15% for gas distributors based outside Gujarat. In the larger interest of industries, apex industry body ASSOCHAM has urged the Union Government to immediately get...

Input Tax Credit cannot be denied merely on Ground of ‘Mismatch of Annexures’: Madras HC [Read Judgment]

In a recent ruling, the Madras High Court quashed the order of Tamil Nadu VAT authorities denying the Input Tax Credit claim of the assessee solely on ground that “mismatch of annexures”. The...

Disallowance of Input Tax Credit is not an ‘Error’ to be rectified u/s 66 of KVAT Act: Kerala HC [Read Judgment]

In a recent ruling, the single bench of the Kerala High Court held that disallowance of the input tax credit by the assessing officer cannot be a ground for invoking s. 66 of the KVAT Act since it is...

Imposition - Kerala High Court - taxscan

Fresh Opportunity must be Granted to Assessee when they reverse the wrongly availed Input Tax Credit: Madras HC [Read Judgment]

While setting aside the impugned order, the High Court of Madras recently allowed the assessee a fresh opportunity considering the fact that they have reversed the Input Tax Credit wrongly availed by...

Provide waiver on unintentional mistakes in compliance of GST during transition: ASSOCHAM President

ASSOCHAM will bring forth before the Empowered Committee (EC) of State Finance Ministers certain concerns and areas of uncertainties while pleading for waiver of any penalties on unintentional...