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The Jharkhand High Court has directed the department to refund ₹1,23,22,617 in GST to Tata Steel, which operates the largest steel plant in Jamshedpur, Jharkhand. The business claims the Input Tax Credit (ITC) on Compensation Cess paid for the purchase of coal, a vital raw material, under section 8(2) of the Goods and Services Tax […]
The Gujarat High Court ruled that levying the Integrated Goods and Services Tax (IGST) on ocean freight under a reverse charge mechanism is unconstitutional. As a result, importers are entitled to a refund of the IGST they voluntarily paid, even if this request is made after the usual limitation period. The applicant imports bituminous coal from overseas […]
The Karnataka High Court quelled the summary and ex-parte order, noting that the applicant was unable to respond to the GST show-cause notices due to his father’s prolonged illness and eventual passing on 13.02.2024. The applicant/taxpayer, Nakoda Auto Distributors, approached the court under Article 226, contesting the ex-parte order dated 31.10.2023 and the summary order issued dated […]
In the collection of the GST revenue in India, Chhattisgarh has emerged as the fastest-growing state that achieving an unprecedented 18% growth rate in the fiscal year 2024-25, as per the state officials. A total GST revenue collection of Rs 16,390 crore has been recorded in Chhattisgarh, which exceeds all the other states in annual […]
The Bombay High Court has resolved the case of Sai Service Private Limited against the Union of India regarding the availability of Input Tax Credit on demo vehicles under the GST Act. The matter became moot following the issuance of GST circular number 231/25/2024 by the CBIC on September 10, 2024. The circular validated that businesses like […]
The Calcutta High Court has asked to reconsider the claim of transitional credit considering the technical breach faced by taxpayer in getting the provisional ID for GST migration. In connection with filing of the appeal the application for condonation of delay was filed by the petitioner Javed Ahmed Khan. Sufficient causes are pleaded in the […]
GST Invoice Changes Effective April 1: How Will They Affect Your Business? From April 1, 2025, businesses that secure an Annual Aggregate Turnover (AATO) exceeding Rs. 10 crore are required to submit an e-invoice to the Invoice Registration Portal (IRP) within 30 days of the date of issuance. Before that, this 30-day reporting limit applied […]
Starting April 1, 2025, new financial rules will introduce changes to GST, income tax, and banking. Below are the complete details. New Feature to Strengthen GST Security The Goods and Services Tax (GST) structure will undergo updated modifications, and the new security feature, Multi-Factor Authentication (MFA), will become mandatory for taxpayers accessing the GST portal. […]
The Central Board of Indirect Taxes and Customs has provided clear explanations on various topics regarding the benefits available under a specific section of the CGST Act, 2017. GST Circular No. 248/2025 aims to clarify and help people better understand how to take advantage of these benefits. On March 27, 2025, the issued clarification has […]
