Search results for: input tax credit

The recent report from the Comptroller and Auditor General (CAG) about Karnataka’s finances reveals some important issues. It showed that there were problems with how taxes were managed and enforced in various government departments. These issues led to a significant loss of revenue, totalling ₹1,260.41 crore. The findings of the report were shared in the […]

The limitation for GST refund claimed under the wrong head ceases to apply from the date of correct payment, the Patna High Court has ruled. After reading Section 77 of the CGST Act, 2017, read with Section 19 of the IGST Act, Justices Rajeev Ranjan Prasad and Shailendra Singh viewed that the date of counting […]

The Tamil Nadu Commercial Taxes Department has levied a demand order under the Central Goods and Services Tax Act, 2017, on Apollo Tyres Limited, the company informed the stock exchanges. The issue is with the ITC claimed eligibility of the company and comprises both the GST amount and a consequential penalty. Rs. 61.52 lakh is […]

India’s indirect tax administration has identified significant goods and services tax (GST) evasion amounting to ₹7 trillion across 91,000 cases over the past five years, concluding in March 2025. This detection highlights ongoing challenges in tax compliance within the country. MOF Pankaj Chaudhary in Lok Sabha cited that the taxpayers have already deposited Rs 1.29 […]

The Calcutta High Court recently issued a ruling regarding the treatment of voluntary tax payments under the Goods and Services Tax (GST) framework. The court determined that the GST department acted improperly by considering a voluntary GST payment made under Section 73(5) of the CGST Act as a reaction to a show cause notice under […]

On July 25, amid a statewide shutdown called by small traders in protest against GST notices on digital payments, the Karnataka Commercial Taxes Department clarified on July 17 that GST registration is mandatory for businesses with an annual turnover exceeding ₹40 lakh (for goods) or ₹20 lakh (for services), regardless of the mode of payment. […]

Under the Goods and Services Tax (GST) regime, a tax of 18% is to be imposed on the activity of shifting or raising the height of transmission towers or lines, when carried out through a contractor for a dedicated consumer such as the National Highways Authority of India or Indian Railways, the Maharashtra Authority for […]

The Allahabad High Court upheld the validity of Section 16(2)(c) of the GST Act in a case, ruling that input tax credit (ITC) claims were not permitted. The court imposed a penalty on the buyer (the applicant) who claimed the ITC, as it was determined that the tax had not been deposited by the supplier. […]

Under the Goods and Services Tax (GST), a business entity can claim a refund of unutilized Input Tax Credit (ITC) even after it has been terminated. The court has ordered a refund of the unused GST ITC amounting to ₹4.37 crore. The bench of Justice Meenakshi Madan Rai observed that “in the instant matter there […]