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Input Tax Credit

Challenge on GST SCN alleging Fraud and Misrepresentation: Calcutta HC dismisses Britannia Industries Appeal on Availability of Statutory Remedy [Read Order]

The Calcutta High Court dismissed the petition of Britannia Industries challenging the show cause notice ( SCN ) alleging fraud and misrepresentation...

55th GST Council Meeting Recommendations: All You Need to Know

IGST ITC difference of Rs.10.2L in GSTR 3B and 2A: Madras HC grants Final chance to Explain...

Legislative Drafting Error in GST Act: Impact of ‘or’ Instead of ‘and’ in Section 17(5)(d) and the...

Bombay HC smacks Notice on 2 Tax Officials for Illegal Arrest of Businessman in Suspected ₹9.5 Crore...

Under Declaration of Ineligible GST ITC: Madras HC Orders for Hearing on 10% Deposit [Read Order]

In a recent ruling, the Madras High Court has ordered for hearing on 10% pre-deposit in a writ petition where the main dispute was the under declaration of ineligible Input Tax Credit ( ITC ) under...

55th GST Council Approves Concept Note for Simplifying Registration for Small Businesses

The Union Finance Minister Nirmala Sitharaman chaired the 55th meeting of the GST Council today (21st December 2024) at Jaisalmer, Rajasthan. During this meeting, the Council gave in-principle...

Recipients can Claim ITC on Ex-Works Contracts: GST Council

The 55th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman, introduced a crucial clarification regarding the eligibility of Input Tax Credit ( ITC ) in Ex-Works contracts....

55th GST Council Meeting: Major Service Sector-Specific changes and clarifications

The 55th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman, was held on December 21, 2024, in Jaisalmer, Rajasthan. The Council meeting proposed numerous transformative...

GST Council Proposes Amendment in ‘category of registered person’ for taxpayers opted for Composition Levy FORM CMP-02

The Union Finance Minister Nirmala Sitharaman chaired the 55th meeting of the GST Council today (21st December 2024) at Jaisalmer, Rajasthan. The council proposed an amendment in the field ‘category...

55th GST Council Issues Clarification on ITC Reversal for E-Commerce Operators u/s 9(5) of CGST Act

The GST Council, in its 55th meeting, provided clarification of an important issue regarding the reversal of Input Tax Credit ( ITC ) by electronic commerce operators ( ECOs ) concerning supplies...

GST Council to Sweeten the Deal for Online-Ordering Foodies as GST Rate Cuts Expected in Meeting

The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state finance ministers, convenes today, December 21, in Jaisalmer, Rajasthan. This apex...

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