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Input Tax Credit

GST Proceedings on Fraudulent ITC Barred against Purchaser for Supplier's Tax Non-Payment: Uttarakhand HC [Read Order]

Yogitha S. Yogesh

In a recent case, the High Court of Uttarakhand has held that proceedings under the Goods and Service Tax ( GST ) Act, 2017 cannot be initiated...

GST Authorities not estopped from taking action against Wrongful Claim of ITC Based on Non-Existent...

Rs. 6.67 Crore GST Evasion Case: Gujarat HC Grants Bail to Metal Industries Proprietor [Read Order]

GST Evasion by Metal Scrap Trade in Kerala: One Arrested

Services Tax - Co-Operative Housing Societies - Goods and Services Tax - co-operative laws - Tax Leviable - tax news - taxscan

Services by Co-Operative Housing Societies: Goods and Services Tax Leviable or Not?

Non-Application of mind by Proper Officer: Delhi HC to consider Reversal of Erroneously availed ITC TRAN-I [Read Order]

The Delhi High Court directed to consider the reversal of erroneously availed input tax credit (ITC) TRAN-1 as there was no application of mind by the Proper Officer. The Petitioner impugned the...

GST Evasion in Construction, Works Contracts crosses ₹10,000 crore in FY24

As per the report of the Directorate General of GST Intelligence ( DGGI ) the GST evasion in construction amd works contracts crosses ₹10,000 crore in FY24. The Directorate General of GST...

IDBI Bank receives Rs 2.97 Crore GST Demand Order for Dehradun State Tax Dept

IDBI Bank received Rupees 2.92 crores GST demand notice from the Dehradun State Tax Department. The GST demand notice was sent for alleged excess availment of input tax credit (ITC). The IDBI Bank...

The Reverse Charge Mechanism in GST: A Must-Know for Businesses

The collection of Goods and Services Tax (GST) is typically the responsibility of the goods or services supplier, who is required to collect the tax from the recipient and remit it to the government....

GST - Reverse Charge Mechanism in GST - Reverse Charge Mechanism - Taxscan

Service Tax Demand Order: Shares of Yes Bank dips to 3.44%

The shares of Yes Bank dips to 3.44% after a service tax demand notice was issued to the banking institution. The shares of Yes Bank dipped 3.44 per cent at Rs 24.55 a per share on the BSE in the...

Alleged Excess ITC Claim: Delhi HC quashes Penalty Order for Non-consideration of GSTR-2A and Reply, Remands SCN for Readjudication [Read Order]

In a recent decision, the Delhi High Court has set aside an order concerning an alleged excess claim of Goods and Services Tax ( GST ) Input Tax Credit( ITC ) for the financial year 2018-2019. The...

Delhi High Court - ITC - SCN - GSTR-2A - Remands SCN for Readjudication - Taxscan

Rs.15,000-crore GST Fraud: Police Arrested 3 Persons Behind 100 Bogus Firms

On Saturday, three men were arrested in connection with a Rs. 15,000-crore Goods and Services Tax ( GST ) fraud. So far, 44 arrests have been made in the case. It was found that three persons were...

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