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Input Tax Credit

GST Evasion by claiming Unauthorised ITC of Rs. 63.37 Crores through Fake Bills: Chhattisgarh HC Grants Bail [Read Order]

The Chhattisgarh High Court has granted bail to accused of passing unauthorised Input Tax Credit ( ITC ) worth Rs. 63.37 crores based on fake bills....

[BREAKING] ITC Claims Permissible in GST Returns Filed On or Before 30th Nov 2021 for FYs 2017-18 to...

Non-Reversal of ITC on Goods Lost in the Manufacturing Process: Legal Perspectives and Draft Reply...

Aditya Birla Fashion Hits with ₹2.46 Crore GST Demand Over ITC Dispute

Avail Benefit of GST Amnesty Scheme 2024: Here's how you can do

Fake GST bill upload on Portal and Wrongful ITC Claim: Punjab & Haryana HC grants Anticipatory Bail [Read Order]

The Punjab and Haryana High Court granted anticipatory bail to accused uploading fake bills on GST Portal and wrongfully claiming Input Tax Credit ( ITC ) worth Rs. 25 Crores. The FIR came to be...

Reversal of ITC in the Absence of E-Invoice: How to Draft Reply towards Show Cause Notice [Read Draft Reply]

The Input Tax Credit ( ITC ) mechanism is a cornerstone of the Goods and Services Tax ( GST ) regime in India. ITC allows businesses to reduce their tax liability paid on inputs from the tax payable...

ITC available to Demo Vehicles: Punjab and Haryana HC Quashes AAAR ruling against BMW [Read Order]

In a ruling in favour of BMW India Pvt. Ltd, the Punjab and Haryana High Court held that Input Tax Credit is Available to Demo vehicles and quashed the ruling given by Appellate Authority of Advance...

Haryana High Court - AAAR Tax on Vehicles - Tax on demo vehicles - Vehicles tax - BMW Tax - TAXSCAN

No Denial of GST ITC on Interest-Free Advance Receipts: Bombay HC in L&T, IHI Consortium Case [Read Order]

The Bombay High Court has held that Goods and Services Tax (GST) Input Tax Credit (ITC) cannot be denied on advance receipts. The petitioner is an unincorporated consortium of two entities,...

18% GST Applicable on Car Rental Services: AAR [Read Order]

In a recent ruling, the Karnataka Authority for Advance Rulings ( AAR ) clarified that car rental services will attract an 18% Goods and Services Tax ( GST ), resolving uncertainty about the tax...

Duplication of Invoices in GST IMS Sorted! GSTN rectifies GST Portal Issues

While many concerns haunt GST taxpayers such as portal issues, the Goods and Services Tax Network ( GSTN ) has reportedly resolved the issue of matter duplication as acknowledged in a tweet...

GST ITC cannot be Claimed by Taxpayers if GSTR-3B not filed by this Due Date for FY 2023-24

If you are a Goods and Services Tax ( GST ) registered taxpayer and wish to claim any pending Input Tax Credit ( ITC ) for FY 2023-24 or amend any errors or omissions in your GST returns, note that...

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