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Input Tax Credit

GST on Capital Goods: Know About ITC, Conditions, and Compliance Essentials

Capital goods play an important role in business operations, especially in taxation under the Goods and Services Tax ( GST ). The CGST Act provides...

Registration of Proprietary Firm to Evade Tax , Advocate not Liable to Verify Fake Documents...

Received GST SCN under Section 16(4)? Here’s What to Do [Find Draft Format Here]

Insurance Cos say GST Rate Cuts impact ITC Benefits, increases Costs

Staying GST Recovery Proceedings awaiting Formation of GSTAT (Find Draft Request Format Here)

Cipla Ltd Hit with ₹29.77 Crore GST Penalty for Inadmissible ITC and Payment Delays

Cipla Limited, one of India’s leading pharmaceutical companies, has been served a demand order by the GST Authority imposing a penalty of Rs. 29.77 crore. The penalty includes Rs. 9.10 crore for...

CBIC Excludes GST on Renting of Immovable Property under RCM for Composition Taxpayers [Read Notification]

In a significant relief for composition taxpayers, the Central Board of Indirect Taxes and Customs ( CBIC ) has announced the removal of the Goods and Services Tax ( GST ) under Reverse Charge...

Understanding RCM on Metal Scrap Purchases from Unregistered Sellers

In the Goods and Services Tax ( GST ) regime, the responsibility of paying tax typically lies with the sellers. However, under certain circumstances, this responsibility is shifted to the buyer. This...

Limitation for TRAN-1 Declaration u/r 117 CGST is Mandatory and Not Directory: Rajasthan HC [Read Order]

In a recent matter, the Rajasthan High Court reaffirmed the mandatory nature of the time and manner for claiming transitional credit under Rule 117 of the Central Goods and Services Tax (CGST) Rules,...

TRAN-1 - TRAN-1 Declaration - CGST - TRAN-1 Declaration Section 117 - Rajasthan HC - Mandatory and Not Directory - taxscan

No GST liability on Emcure for Free Employee Bus Transportation: AAAR [Read Order]

The Gujarat Appellate Authority for Advance Ruling ( AAAR ) has affirmed that Emcure Pharmaceuticals Limited is not required to pay Goods and Services Tax ( GST ) on free bus transportation provided...

No GST ITC on Services Procured by Port for Operation and Maintenance of Diving Support Vehicle: AAAR [Read Order]

The Gujarat Appellate Authority of Advance Ruling ( AAAR ) recently decided that services purchased by the port for the operation and maintenance of diving support vehicles (DSV) are not eligible for...

Gujarat HC Orders Refund of Rs. 40 Lakh Voluntary GST Payment, Rules S. 54 Limitation Inapplicable [Read Order]

The Gujarat High Court directed the refund of Rs. 40 lakh paid voluntarily as GST by the petitioner, declaring that the limitation under Section 54(1) of the GST Act, 2017 was inapplicable in this...

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