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A division bench of the High court would circulate the ruling that eases the taxpayer in which the court permitted the taxpayer to rectify GSTR-1 for obtaining the ITC since there was a bonafide mistake of filing Form-B2B rather than B2C. The applicant, Shiva Jyoti Construction before the Court asking for a decision from the […]
In the case that the Input Tax Credit claimed in GSTR-3B and GSTR-2A are inconsistent, the format of the certificate is necessary to demonstrate the validity of the supply made. The Central Board of Indirect Taxes and Customs (CBIC) had made it clear that the GST department can request a certificate from a Chartered Accountant […]
As per a recent ruling from the Maharashtra Appellate Authority of Advance Ruling (AAAR), the housing society is ineligible to claim ITC on contract services acquired from their designated contractor. This is due to the ineligibility of housing societies to claim ITC on repairs, rehabilitation and renovation work. A two-member bench comprising Ashok Kumar Mehta […]
The Central Board of Indirect Taxes and Customs (CBIC) furnishes the notification to permit Input Tax Credit (ITC) claims and revisions of invoices till 30th November 2022. From the former week, a GST portal would have initiated permitting the revision concerned to the FY 2021-22 in Oct 2022 return duration. The same is with the […]
The Authority for Advance Rulings, Telangana (AAR) held that Input Tax Credit (ITC) could get claimed on Corporate Social Responsibility (CSR) Expenses for the case of M/s Bambino Pasta Food Industries Private Limited which is the petitioner. Petitioner seeks an advanced ruling if the GST ITC would be available on the expenditure of CSR that […]
The Madras High Court bench of Justice C. Sarvanan has held that the refund of input tax credit (ITC) could not refuse even the duty drawback that has been claimed by the taxpayer. The goods defined under Customs Heading No.8483-40-00 of the Customs Tariff Act 1975 have been exported by the petitioner and claimed the […]
The Telangana Authority of Advance Ruling (AAR) has the members B. Raghu Kiran and S.V. Kasi Visweswara Rao have headed that IGST paid on imports is qualified to be claimed as an ITC towards intra-state and inter-state sales. The applicant, M/s. Euroflex Transmissions (India) Private Limited wants to furnish the imported goods from the port […]
Maharashtra authority of advance ruling (AAR) mentioned that the ITC is available on the GST furnished beneath the RCM on the hiring of the buses for transportation of employees. In context to the input credit on the rent for the cab service, the petitioner Maanicare System India Private Limited is furnishing the services to the […]
Does the chief executive of large companies headquartered in Mumbai towards the firm or just the head office? Are there any common expenses like salary, marketing, branding, or legitimate expenses be circulated to the branch offices or taken by head office only? In a recent ruling via appellate authority for the advance ruling (AAAR) mentioned […]
