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The High Court of Madras quashed the refusal of the GST Input Tax Credit (ITC) for late filing of GSTR-3B, mentioning the retrospective revision to the Central Goods and Services Tax(CGST) Act,2017. The applicant, Shanker Impexx, had contested the order passed by the first respondent dated 19.04.2023. The counsel of the petitioner said that the […]
The Jharkhand High Court has directed the department to refund ₹1,23,22,617 in GST to Tata Steel, which operates the largest steel plant in Jamshedpur, Jharkhand. The business claims the Input Tax Credit (ITC) on Compensation Cess paid for the purchase of coal, a vital raw material, under section 8(2) of the Goods and Services Tax […]
The Bombay High Court has resolved the case of Sai Service Private Limited against the Union of India regarding the availability of Input Tax Credit on demo vehicles under the GST Act. The matter became moot following the issuance of GST circular number 231/25/2024 by the CBIC on September 10, 2024. The circular validated that businesses like […]
There is no planning of the central government to levy a new 5% Goods and Services Tax (GST) without input tax credit on food delivery apps like Zomato and Swiggy, Pankaj Chaudhary, Minister of State for Finance, clarified in Rajya Sabha. Rajya Sabha member Golla Baburao, Chaudhary, answering a question, mentioned that the Rates of […]
GST Invoice Changes Effective April 1: How Will They Affect Your Business? From April 1, 2025, businesses that secure an Annual Aggregate Turnover (AATO) exceeding Rs. 10 crore are required to submit an e-invoice to the Invoice Registration Portal (IRP) within 30 days of the date of issuance. Before that, this 30-day reporting limit applied […]
The Supreme Court has emphasized the need for the Central Board of Indirect Taxes and Customs to set realistic timelines for taxpayers to correct bona fide errors in forms while filing GST returns. The bench of CJI Sanjiv Khanna and Justice Sanjay Kumar was hearing a challenge to the Bombay High Court order which authorized […]
The Central Board of Indirect Taxes and Customs (CBIC) stated that hotels with room tariffs exceeding ₹7,500 per day will be categorized as ‘specified premises,’ with their restaurant services attracting an 18% GST rate with an input tax credit (ITC). For restaurants outside these premises, the GST rate will be 5% without ITC. The frequently […]
The Hon’ble Supreme Court, in a ruling, affirmed that the right to correct clerical or arithmetical errors is a fundamental right for businesses, acknowledging that human errors in GST return filings are inevitable and should be rectified. It was ruled by the court that the right to correct accidental mistakes, whether clerical or arithmetical, is […]
The Karnataka High Court, in its ruling, quashed the blocking of Input Tax Credit (ITC) under Rule 86A of the CGST/KGST Rules, stating that it was based solely on enforcement authority reports without independent and compelling justification for such measures. The case was brought by A.M. Enterprises, a Bengaluru-based taxpayer, via a writ petition contesting […]
