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The Andhra Pradesh GST AAR decided on M/s RV Hydraulic Services and their request for a tax benefit. They denied the company’s claim for a refund on the tax paid for imported machinery. The main reason for this decision was that the official document proving the import, called the Bill of Entry, was not registered […]
For the case of a challenge against the refusal of the Input tax credit (ITC) u/s 16 (2)(c) of the Central Goods and Service Tax (CGST) Act, 2017, the High Court of Kerala permitted the benefit of circular and set aside the order to the extent it refuses ITC based on the provisions. The applicant […]
The Madras High Court in a significant verdict, carried the authority of the State Goods and Services Tax (GST) authorities to restrict the electronic credit ledger (ECL) of firms discovered incorrectly claiming GST input tax credit (ITC) until investigations are concluded. “This Court is of the considered view that the negative blocking is well within […]
The Invoice Management System (IMS), effective from October 1, 2024, has been introduced to simplify and standardize the process of claiming Input Tax Credit (ITC) in GSTR-3B returns. Previously, taxpayers would often claim ITC based solely on GSTR-2B without thorough reconciliation, which they used to file for the ITC in their 3B filings. With the […]
The Kerala High Court granted a petitioner the chance to upload their GST Input Tax Credit (ITC) details after failing to do so earlier due to technical issues. The court directed the 5th respondent to enable the GST portal to file this Form. The petitioner, Mariya Agencies, is a registered supplier of electrical goods under […]
There are only three weeks for the businesses to have one last chance to avail of the Input tax credit (ITC) and to settle the errors and omissions under the Goods and Services Tax (GST) mechanism. Experts warn that certain new changes introduced this fiscal year will affect their claims. CGST Law 2017 cites “A […]
The Central Board of Indirect Taxes has revised the norms for maintaining the record for aircraft operations with immediate effect. This makes it obligatory for every aircraft operator to transfer passenger data 24 hours before departure time and at wheels-off time. Previously the aircraft operators could transfer data either within 24 hours of departure or […]
The Goods and Services Tax Network ( GSTN ) Under Rule 37A of the Central Goods and Services Tax Rules, has introduced a process for the reversal of Goods and Services Tax ( GST ) Input Tax Credit ( ITC ) when the supplier is unable to file the GSTR-3B return within the GST Portal. […]
An unexpected issue emerged, in which it was stressed that technicalities made via the Department and not the assessee must not be put forth by the department to defeat the legal rights and entitlements of the assessees. It was carried out by the Bombay High Court that the related Revenue officials (respondent) could not refuse […]
