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A highly anticipated enhancement has been introduced by the Goods and Services Tax Network (GSTN) regarding the GST portal. It delivers to taxpayers ease while accepting credit notes through the Invoice Management System (IMS). Practical issues related to ineligible ITC and post-reversal adjustments are addressed in the same update. Revision in the GST Portal Taxpayers under the […]
A company named M/s Arjun Engineering Co. submitted the writ petition under Article 226 of the Constitution of India, in the Delhi High Court, against the Additional Commissioner of Goods and Services Tax, North Delhi. On November 22, 2025, the case was determined. The hearing was accomplished in hybrid mode, i.e., both online and offline. […]
A systemic issue has been seen in the GST portal’s auto-populated data for Table B2C of GSTR-9, affecting cases where modifications related to the previous fiscal year are made in the current fiscal year. Tax professionals and businesses are notified that during a revision pertinent to the B2C invoices for FY2023-24, made in FY 2024-25, […]
India’s Goods and Services Tax (GST) system includes a feature known as Input Tax Credit (ITC). This mechanism allows businesses to avoid paying tax on inputs where tax has already been paid, thereby reducing their overall tax burden. However, since companies must comply with specific rules and deadlines, they often face challenges in consistently monitoring […]
The Chandigarh Chartered Accountants Taxation Association (CCATAX) has reached out to the Central Board of Direct Taxes (CBDT) to request an extension on the deadline for filing income tax returns and completing tax audits for the financial year 2025-26. Data mismatches between AIS and Form 26AS, server crashes, session timeouts, etc, are the problems that […]
In a huge relief for taxpayers, the Calcutta High Court has authorised a rectification application for Input Tax Credit (ITC) applications that were previously denied under Section 16(4) of the GST Act. The decision is based on the retrospective modification implemented under the West Bengal GST (modification) Act, 2024, which provides much-needed relief to people […]
For failing to properly analyse the case of a GST ITC mismatch, the Gujarat High Court imposed a cost of ₹1 lakh on the state tax department. A writ petition has been furnished by the Grasim Industries Ltd to the Gujarat HC contesting an order passed by the adjudicating authority under the Central Goods and […]
What is an Invoice Management System (IMS)? Businesses use the IMS system to monitor and manage their input purchases, inventory, and inward supplies efficiently. It ensures that the raw materials, consumables, and services purchased for production or business procedures are being tracked effectively. The Invoice Management System (IMS) in this case assists in ensuring the […]
A GST demand order has been obtained for Eicher Motors Limited from the Office of the Assistant Commissioner, CGST, Jaipur; Office of the Principal Commissioner, CGST & Central Excise, Lucknow and Office of the Commissioner, CGST, Delhi South Commissionerate, New Delhi, as per the Company’s exchange filing. A demand order has been issued by the […]
