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The Kerala High Court, in a ruling, held that input tax credit for FY 2019–20 cannot be rejected on the ground of late filing of GST returns if the return was filed before the cut-off date of 30 November 2021, as stipulated under Section 16(5) of the Central Goods and Services Tax Act (CGST). The […]
The Principal Bench of the Delhi GSTAT directed a realtor to refund profiteered input tax credit (ITC) of Rs 40,096 along with applicable interest to 1,865 eligible homebuyers, after confirming that the developer had violated the anti-profiteering provisions under section 171 of the CGST Act, 2017. The GSTAT ruling has arrived against an appeal submitted […]
The taxpayer has approached the Apex court contesting the order of the Delhi High Court that dismissed its writ petition and levied Rs 5 lakh after the HC discovered that the applicant had misled the court and tried to evade additional legal measures for the allegedly fake claim of the ITC under the Goods and […]
The Institute of Cost Accountants of India (ICMAI) has recently issued a complete handbook on the Invoice Management System under the Goods and Services Tax (GST). The main focus is to provide basic guidance and best techniques for effectively handling invoices within the framework of GST compliance. The handbook includes the whole spectrum of invoice […]
The Himachal Pradesh High Court has refused a GST demand order of ₹16.72 lakh that was charged on Shivalik Containers Pvt. Ltd. for the alleged wrong utilisation of Input Tax Credit (ITC). As per the court, the subsequent tax filing, including an interest via the supplier, could not be overlooked while analysing the sustainability of […]
The Tripura High Court has ruled that Input Tax Credit (ITC) cannot be denied to a bona fide purchaser solely due to the supplier’s failure to file GST returns. The Court observed that Section 16(2)(c) of the CGST Act does not distinguish between compliant suppliers and bona fide buyers, and therefore penalising the buyer for […]
In a recent decision, the Calcutta High Court held that stereo systems used in the manufacturing of e-rickshaws qualify as ‘inputs’ under the GST framework and are eligible for a refund of unutilised Input Tax Credit (ITC) under Section 54(3)(ii) of the GST Act, 2017. The applicant, Hooghly Motors Pvt. Ltd., had asked for a […]
With only one day remaining before the December 31, 2025 deadline for filing MCA annual returns, frequent technical disruptions on the Ministry of Corporate Affairs (MCA) portal have caused widespread concern among tax filers. The outages have shown increasing calls on social media for an urgent extension to ease tax compliance stress on businesses. Over […]
N Jaideep Reddy, president of CREDAI Hyderabad, stated that subsequent reforms in the GST framework for the restoration of ITC are important to keep housing affordable and sustain demand in Hyderabad’s real estate market. Relief was provided through recent GST rationalisation, but the absence of GST input tax credit (ITC) continues to increase project costs, […]
