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Search results for: electronic credit ledger

Delhi HC's Order for M/s Balaji EXIM

Delhi HC: GST Refund Application of Tax Credit Can’t Be Restricted Based on Suspicion

According to the Delhi High Court, requests for Input Tax Credit (ITC) returns cannot be refused based only on suspicion and without any supporting documentation. The department was given the go-ahead to start processing reimbursement of Rs. 72,03,961/- based on the goods sent by the petitioner by the division bench of Justices Vibhu Bakhru and […]

Calcutta HC's Order Ajay Kumar Maheshwari

HC: No GST Penalty and Interest If Refund Credited by Authorities Mistakenly

The petitioner filed this writ petition because he was offended by the respondent WBGST Authority’s request that he return the amount in question, along with any applicable penalties and interest, which the respondent authorities claim was reimbursed in error. By an earlier decision of this court dated January 9, 2023, Mr. Bag, a learned advocate […]

Jharkhand HC's Order for M/s RSB Transmissions (India) Limited

HC: Cash Ledger Payment Prior to GSTR 3B Doesn’t Terminate Tax Liability U/S 50

A division bench of the Jharkhand High Court stated that the electronic cash ledger (ECL) is the only “e-wallet” and hence, the liability to furnish the interest arises on late filing of GSTR-3B return and debit of tax due from the Electronic Cash Ledger are independent. Justice Aparesh Kumar Singh and Justice Deepak Roshan see […]

Tamil Nadu GST Dept Circular No.11/2022 for Incorrect Refund

TN GST: Circular No.11/2022 for Re-Crediting Refund Amount in Credit Ledger

The process for re-crediting the amount in the electronic credit ledger using FORM GST PMT-03A has been notified by the Tamil Nadu GST Department. If the refund is wrongly sanctioned, the amount paid by the taxpayer, along with interest and penalty, can be re-credited to the GST electronic credit ledger through Form PMT-03A. It came […]

Transitional Credit Filing From 1st Oct 2022

Filing of Transaction Credit Will be Open from 1st Oct on GST Portal

Since the node given by the Supreme court to open the GST window towards furnishing the transitional credit post to 4 weeks the Goods and Services Tax Network (GSTN) told the assessee, that they will ease filing from 1st Oct 2022. “Hon’ble Supreme Court while hearing an application from GSTN, has allowed the extension of […]

Madras High Court Order

HC: Applying & Revision of GST Credit Not Be Similar While Uploading Tran-1

The Madras High Court ruled that the last date to upload GST TRAN 1 for pursuing credit and correction of the credit should not be the same. The applicant, M/s.Interplex Electronics India Pvt. Ltd has strived for the respondents to credit the amount, for the input tax credit (ITC) of Rs. 16,21,227 and Rs. 4,24,136 […]

SC's Order for Filco Trade Centre Pvt. Ltd. and Anr.

SC: Authority to Open GST Portal 2-Months for Credit by TRAN-1/ 2 Forms

In an exemption to various taxpayers who have missed the statutory last date, the Supreme Court has mandated the Goods and Services Tax Network (GSTN) to permit a 2-month additional window from September 1, 2022, to October 31, 2022, to claim the transitional credit. GST TRAN-1 form and TRAN forms were drawn to permit the […]

GST Cash Ledger Before Appeal Time Period Against Law

HC: Demand from GST Cash Ledger Before Appeal Time Period Against Law, Rules

The Calcutta High Court, on Thursday, gave its ruling in the Purulia Metal Casting case, which says that the action taken by the GST department to recover the tax from the electronic cash ledger even before the due time to file the appeal was expired is a certain violation of section 78 of the Central […]

Bombay HC's Order for Chep India Private Limited

High Court Permits Transitional Credit Via GST Return 3B Form

Towards the ruling for the assessee beneath the GST regime, a division bench of the Bombay High Court comprising K. R. Shriram & Milind N. Jadhav has specified the department to permit the transitional credit via GSTR-3B. The applicant, Chep India Private Limited arrived at the Court asking for the direction to carry forward transitional […]

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