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The Madras High Court has forgiven a one-day delay in filing the 3B return form and set aside the ITC reversal notice issued via the Goods and Services Tax (GST) department. It was noted by the court that the one-day delay required consideration. The bench of Justice Krishnan Ramasamy discovered that the applicant’s delay was […]
The Directorate General of GST Intelligence (DGGI) has noticed tax evasion of Rs 1.2 trillion using fake input tax credits, since 2020 to date, with the focus being laid on recognizing and comprehending the masterminds and disrupting syndicates, operating in the country, the finance ministry cited. The Goods and Services Tax (GST) intelligence department has […]
To redefine India’s tax landscape, the Finance Minister’s Budget 2024 presentation in Parliament shows a game-changing addition to the GST framework. The updated section 74A changes GST compliance and enforcement in the country. Taxpayers, businesses, and tax professionals across India wish to learn about the implications of the same new section and what it demonstrates […]
The Calcutta High Court asked the applicant to contest the order before the appellate authority as the failure to Receive show cause notice ( SCN ) u/s 73 of the Central Goods and Service Tax ( CGST ) Act 2017 was due to GST Portal Issue. The applicant Mitali Saha, filed the writ petition contesting […]
Clarification concerning GST liability and input tax credit (ITC) availability in cases of Warranty/ Extended Warranty, in furtherance to Circular No. 195/07/2023-GST on 17.07.2023 has been issued by the Central Board of Indirect Taxes and Customs (CBIC). Circular No. 195/07/2023-GST dated 17.07.2023 clarified specific issues concerning GST liability and availability of input tax credit (ITC) […]
In the matter of “In re EFC Logistics India Pvt. Ltd. (GST AAR Odisha),” M/S EFC Logistics India Pvt Ltd (after this referred to as the ‘Applicant’), filed an application for an advance ruling u/s 97 of the CGST Act, 2017, and the related section of the OGST Act. The petitioner is a Goods Transport […]
The demand has been quashed by the Madras HC concerning the input tax credit (ITC) mismatch as the department still needs to consider certificates obtained by buyers. The bench of Justice Senthilkumar Ramamoorthy witnessed that important records, like the supplier’s and the chartered accountant’s certificates, were not considered in the issuance of the demand order. […]
Input tax credit (ITC) is not permissible on rotary car parking systems, the Tamil Nadu Authority of Advance Ruling (AAR) held. The bench of D. Jayapriya and A. Valli noted that the Rotary car parking system is an infrastructure to cater to the requirement for greater urban density and compactness in cities and to make […]
For Advance Ruling (AAAR) of Gujarat recently, the GST Appellate authority made a ruling in the matter of Wago Private Limited. The same ruling concentrated on the eligibility of input tax credit (ITC) for expenses made on air conditioning and ventilation systems utilized in the establishment of a new factory. The very ruling furnishes clarity […]
