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Rajya Sabha MP Sasmit Patra, ahead of the Union Budget 2026–27, stated that further simplification of the Goods and Services Tax (GST), along with tax measures to strengthen the ease of doing business, enhance liquidity for small enterprises, and support sustained economic growth, is needed for entities operating across states and e-commerce platforms. Patra, speaking […]
In India, the digitalisation of GST compliance has created both opportunities and challenges for businesses, leading them to rely on private GST software as well as the official GST Network (GSTN) portal to manage their returns efficiently. Both solutions aim to facilitate GST compliance, but they differ significantly in functionality and usability. Recognising these differences […]
The Indian Micro-Fertilizers Manufacturers Association (IMMA) has formally solicited revisions from the central government in advance of the upcoming Union Budget. Among their key proposals are the extension of the 5% Goods and Services Tax (GST) to encompass all fertilizers regulated under the Fertiliser Control Order, the acceleration of GST credit refunds to enhance liquidity […]
The Himachal Pradesh High Court has refused a GST demand order of ₹16.72 lakh that was charged on Shivalik Containers Pvt. Ltd. for the alleged wrong utilisation of Input Tax Credit (ITC). As per the court, the subsequent tax filing, including an interest via the supplier, could not be overlooked while analysing the sustainability of […]
In a recent decision, the Calcutta High Court held that stereo systems used in the manufacturing of e-rickshaws qualify as ‘inputs’ under the GST framework and are eligible for a refund of unutilised Input Tax Credit (ITC) under Section 54(3)(ii) of the GST Act, 2017. The applicant, Hooghly Motors Pvt. Ltd., had asked for a […]
The Karnataka High Court in Hindustan Construction Company Ltd. v. Union of India, decided in Writ Petition No. 22377 of 2022, analysed whether bona fide errors committed by the taxpayer at the time of filing GSTR-3B returns can explain the initiation of the proceedings u/s 73 of the CGST/KGST Act. The case was heard and […]
N Jaideep Reddy, president of CREDAI Hyderabad, stated that subsequent reforms in the GST framework for the restoration of ITC are important to keep housing affordable and sustain demand in Hyderabad’s real estate market. Relief was provided through recent GST rationalisation, but the absence of GST input tax credit (ITC) continues to increase project costs, […]
Uttar Pradesh added over 35,000 GST taxpayers in November, marking the first month in which registrations were granted within three days, according to the data of the GST portal. This increase is the highest among all states, with Maharashtra, Gujarat, Tamil Nadu, and Karnataka following behind UP. Via this, the state of Uttar Pradesh will […]
The Calcutta High Court, Circuit Bench at Jalpaiguri, has reiterated that the retrospective cancellation of a supplier’s GST registration, by itself, cannot be the sole basis for denying Input Tax Credit (ITC) to a bona fide purchaser. An appellate order has been set aside by the bench of Justice Hiranmay Bhattacharyya, passed under the West […]
