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The Chhattisgarh High Court has made a significant ruling concerning Bharat Aluminium Company Limited (BALCO) regarding Input Tax Credit (ITC) on Compensation Cess related to imported coal. The court dismissed BALCO’s appeal, stating that the ITC for Compensation Cess is not permissible for electricity generated and supplied to an employee township. The judgment emphasises that […]
A revision in the GSTR-9 annual return form has been cited by a tax expert, which has a submission due date of December 31, 2025, for FY 2024-25. There is a revision in Table 6 reporting applies only to the GSTR-9 form. A notable update has been made to GSTR-9 reporting. Two new rows have […]
The updated move of the government for fast-track GST refunds has been welcomed by the healthcare and medical device industry of India. However, it asked that the next big step is to extend refund eligibility to input services as well as capital goods required to get full tax neutrality and facilitate liquidity challenges encountered by […]
Sales of specific segments of insurance policies, such as term and health covers, have surged post-GST revision coming into force dated September 22. The rise in sales is also attributed to the numbers for September came in weak. People appear to time their purchases based on a clarification from the finance ministry, which stated that […]
The Delhi High Court, to avoid duplication of GST cases, sought its Registry to add a new field for the filing of writ petitions to record DIN (Document Identification Number) and the date of the order being contested A division bench of Justices Prathiba M. Singh and Shail Jain passed the direction on marking that […]
The GST portal has been updated to enable online filing of Goods and Services Tax (GST) annual return using form GSTR-9. The reconciliation statement using the GSTR-9C form has been enabled for filing. Significantly, the GSTR-9 annual return filing due date is December 31, 2025, for FY 2024-25, implying there can be less time this […]
The industry of recycling requested the government to reduce the GST to Nil from 18% which has been imposed on plastic bottles. India’s Extended Producer Responsibility policies should be tailored to fit the country’s unique context, especially considering the essential role of the informal economy in maintaining high recycling rates. The ecosystem integration must be […]
There is an 18% GST and not 12% on the printing of digital images/letters on paper, which constitutes services, the Kerala High Court ruled. The question to bench was to determine whether the printing activities of the taxpayer, i.e, converting the figures, letters, photographs, etc., in a digital form, into a physical format by printing […]
The Andhra Pradesh High Court has made an important ruling stating that any assessment or adjudication proceedings that start without the issuance of the required pre-show-cause notice (pre-SCN) as specified in Rule 142(1A) of the Goods and Services Tax (GST) Rules, 2017, are considered legally invalid. This decision emphasises the necessity of following proper procedures […]
