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Search results for: input tax credit

Kerala HC's Order In Case of Mariya Agencies vs. the State Tax Officer

Kerala HC Allows One-Time E-Filing of GST ITC-01 Due to Technical Issues in Uploading

The Kerala High Court granted a petitioner the chance to upload their GST Input Tax Credit (ITC) details after failing to do so earlier due to technical issues. The court directed the 5th respondent to enable the GST portal to file this Form. The petitioner, Mariya Agencies, is a registered supplier of electrical goods under […]

Punjab & Haryana HC's Order in the Case of Bar Code India Limited vs. Union of India and others

Punjab & Haryana HC: GSTIN of Buyers in GSTR-1 Form Cannot Be Corrected After the Limitation Period

In the case of Bar Code India Limited vs Union of India, the Punjab & Haryana High Court ruled that corrections to a purchaser’s GST number in the GSTR-1 return cannot be made after the limitation period has expired. The court emphasized that errors by a company, causing financial loss to another, do not initiate […]

GSTR-2B Not Generated for October 2024? Know the Reasons

Why Was My GSTR-2B Not Generated for October 2024? Find Reasons

Recently, some reports have been received from the taxpayers regarding problems generating the GSTR-2B for October 2024, noting that it was unavailable on the GST portal as of November 14, 2024. In response, GST authorities clarified that the issue arises from the system’s design and specific compliance requirements. Why is the Auto-populated Form GSTR-2B Not […]

PB & HR HC's Order for M/s JSB Trading Co. vs. State of Punjab and Another

Punjab and Haryana HC Quashes GST Demand Notice Issued U/S 74 After Closure of Section 61 Proceedings

A Goods and Services Tax ( GST ) demand notice and order issued u/s 74 of the Central Goods and Services Tax Act, 2017 has been quashed by the Punjab and Haryana High Court, following the earlier closure of proceedings u/s 61 of the Central GST Act. The case concerned JSB Trading, a firm dealing […]

Bombay HC's Order in The Case of M/s Schulke India Pvt. Ltd. vs. Union of India Through the Revenue Secretary

Bombay HC Overturns Center’s Decision to Set 18% GST Rate on Hand Sanitizers

In an important case, the Bombay High Court ruled on Monday and invalidated a 2020 press release from the Union Ministry of Finance. This press release had put alcohol-based hand sanitizers under the category of “disinfectants” which is subject to an 18% Goods and Services Tax (GST). The court highlighted that such product classifications fall […]

Only 3 Weeks Left to Avail GST ITC and Correct Errors in Returns

Companies Have 3 Weeks to Claim Pending GST ITC and Correct Errors in Returns

There are only three weeks for the businesses to have one last chance to avail of the Input tax credit (ITC) and to settle the errors and omissions under the Goods and Services Tax (GST) mechanism. Experts warn that certain new changes introduced this fiscal year will affect their claims. CGST Law 2017 cites “A […]

An Overview of Gen GST IMS Dashboard Feature

Gen GST Software’s Invoice Management System Dashboard

On the GST portal, an updated feature called IMS (Invoice Management System) has been introduced. As it isn’t feasible to approve every invoice or take action after reconciliation with the records on the portal, SAG Infotech has implemented the new IMS dashboard feature in Gen GST Software for registered taxpayers to ease compliance. The receiver […]

Gujarat Govt Gives Relaxation in GST Penalties and Interest

Gujarat Govt Eases the Burden by Providing Relaxation in GST Penalties and Interest

Amendments have been introduced by the Central Government to the Central Goods and Services Tax Act, 2017, under the Finance (No. 2) Act, 2024, which has the objective of improving tax compliance and facilitating the load on taxpayers. the Gujarat government has furnished an ordinance revising the state GST act to extend these relaxations in […]

UP GST AAR's Order for M/s Pashchimanchal Vidyut Vitran Nigam Limited

UP AAR: GST Will Be Levied on the Installation of Electricity Distribution Systems by DISCOMs

Goods and Services Tax (GST) is to get paid on the procurement of materials and installation of electricity distribution systems when accomplished via an electricity distribution company (DISCOM) under the works contract between the DISCOM and consumers/intending agencies, Uttar Pradesh Authority for Advance Ruling (AAR) ruled. Pashchimanchal Vidyut Vitran Nigam Limited, a subsidiary company of […]

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