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The declaration of HSN (Harmonised System of Nomenclature) codes in invoices under the Goods and Services Tax (GST) regime in India is a significant compliance need that differs as per the type of sale, B2B (Business to Business) or B2C (Business to Consumer) and the taxpayer’s annual turnover. The HSN codes support in categorising the […]
Before the 56th meeting of the Goods and Services Tax Council, the Industry body CII aimed early conclusion of the rate rationalisation process in a meeting with Finance Minister Nirmala Sitharaman. In the additional GST reforms, the industry body recommended considering all petroleum products under GST, relaxations in the ITC to facilitate the working capital […]
Under Goods and Services Tax (GST), the proper officer should cite the pertinent facts and the basis for the decision in their final order, even when the taxpayer is unable to answer to the Show cause notice, the Allahabad High Court ruled. A writ petition has been furnished by M/s Shakil Ahmad Security Agency before […]
Taxpayers should be alert to the reconciliation of information under GST and Income Tax, as the ITR forms for Assessment Year 2025–26 have been notified, and filing is set to begin soon. Discrepancies may lead to queries and increased compliance costs. A typical Goods and Services Tax (GST) assessee is required to file several monthly […]
In a development concerning GST compliance and judicial remedies, a writ petition filed by M/s Nikitha Traders, challenging a demand and penalty order issued by the Central Goods and Services Tax (CGST) authorities, has been dismissed by the Madurai Bench of the Madras High Court. The court recommended appellant pursue the available statutory appellate route, […]
A batch of Special Leave Petitions filed by the Assistant Commissioner of Central Taxes has been dismissed by the Supreme Court of India, refusing to interfere with the Andhra Pradesh High Court’s decision, which clarified the availability of GST ITC refunds in cases of mismatches in the tax credit ledger. The applicant, Gemini Edibles and […]
The Delhi High Court has ruled that claiming Input Tax Credit (ITC) under the Goods and Services Tax (GST) system in a dishonest way, especially when there hasn’t been any real supply of goods or services, goes against the very purpose of the ITC program. This practice not only undermines the system but also compromises […]
A review petition filed by the Chief Commissioner of Central Goods and Services Tax (CGST) against the 2024 ruling in the case of Safari Retreats Private Limited has been dismissed by the Supreme Court of India. The earlier decision of the Supreme Court has been contested by the review appeal on October 3, 2024, but […]
The Allahabad High Court has made a significant ruling regarding minor clerical errors in documentation related to the Goods and Services Tax (GST). The court determined that discrepancies such as a one or two-digit mismatch in GST invoices or on the GST e-way bill should not serve as grounds for initiating legal proceedings under Section […]
