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Discovering that the GST refund claim was filed within 2 years from the “relevant date” as specified in Explanation 2(a) to Section 54(14) of the CGST Act, the Madras High Court clarified that a refund claim cannot be refused based on the retrospective operation of the Proviso to Rule 90(3) of the CGST Rules. The […]
The Karnataka High Court, citing norms on Input Tax Credit (ITC), stated that if a taxpayer makes a claim for ITC during reassessment proceedings, it cannot be disallowed merely because the claim is not beneficial to the state exchequer. It was noted by the division bench of Justices Krishna S Dixit and G. Basavaraja that […]
The Delhi High Court has granted relief to a company engaged in selling various pharmaceutical products and medical devices, ruling that its Input Tax Credit claim could not be rejected merely because its supplier had cited an incorrect GST number on the tax invoices. In the facts of the case, a division bench of Justices […]
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 […]
The Madras High Court ruled that the order of Goods and Service Tax (GST) refusing Input Tax Credit (ITC) by invoking section 17(5) of the GST Act, 2017, was set aside without pointing out the reason. The Madras High Court set aside a Goods and Services Tax (GST) order refusing Input Tax Credit (ITC) under […]
What are GSTR-2B and GSTR-3B? GSTR-2B is a system-generated statement that furnishes information about all inward supplies or purchases, including information on eligible and ineligible Input Tax Credits (ITC) for a tax period. It acts as a verification tool, auto-populated based on the GSTR-1, GSTR-5, and GSTR-6 filed via suppliers. GSTR-3B is a self-declared monthly […]
The Gujarat High Court ruled in favour of Patanjali Foods Ltd. (Patanjali), keeping the refund of unutilized Input Tax Credit (ITC) of Rs 1,70,07,091, which was initially granted but subsequently desired to be recovered by the revenue. The applicant, Patanjali Foods, is a foremost manufacturer and seller of edible oil who applied for an ITC […]
The Gauhati High Court has kept the constitutional validity of CGST Rule 36(4). The provision specifies documentary needs and conditions for a registered person claiming input tax credit (ITC). It was noted by the division bench of Chief Justice Vijay Bishnoi and Justice N. Unni Krishnan Nair that the provision was legislated based on the […]
Allahabad High Court, in Integra Micro Systems Private Limited vs. State of U.P., ruled in the taxpayer’s favour setting aside a GST demand order because of the procedural lapses. The case comprises a tax demand of Rs. 2.11 crore u/s 74 of the GST act emerging from an alleged incorrect Input tax credit (ITC) claim. […]
