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Search results for: input tax credit

GSTN Issues Advisory Districts of Tamil Nadu

GSTN Issues Advisory GSTR-1 Filing for Some Tamil Nadu Districts

The GST portal gives the advisory as the Central Board of Indirect Taxes and Customs (CBIC) has extended the last date for filing form GSTR1 for November 2022 for registered persons whose principal place of business would be in some districts of Tamil Nadu. On 13th December 2022, the Government vide Notification No.25/2022 extended the […]

GSTR 9 & 9C Filing Tips for FY 2021-22

GSTR 9 & 9C Filing Changes & Clarifications for FY 2021-22

The department would have initiated providing the notices and asking for the details by comparing the information shown in GSTR 9/9C Vs GSTR 3B. Acknowledging distinct amendments in the GST law in the recent former time. The article discusses furnishing transparency on annual returns (Form GSTR 9) filing and reconciliation statement (Form GSTR 9C) including […]

Kerala HC's Order for Western Offshore & Marine Projects Pvt. Ltd

HC Sets Aside GST Reg. Cancellation Order Due to Absence of GST Notice

The applicant seeks the Court to challenge the order provided by the State Tax Officer for cancelling the registration allotted to the petitioner under the provisions of the Central Goods and Services Tax (CGST)/State Goods and Services Tax Act (SGST). Read Also: Meaning of SGST, IGST, CGST with Input Tax Credit Adjustment The applicant furnished, […]

Bombay HC's Order for Mr. Shekhar P Vernekkar

HC: Charge for Compounding GST Offences Should Not Exceed the Maximum Penalty

The High Court of Bombay High Court at Goa, refusing the order for the compounding of offence ruled, the compounding amount of offence under the GST act would not be more than the maximum penalty mentioned in the act for the same offence. The applicant Mr Shekhar P Vernekkar dissatisfied with the order of the […]

Insurers Approaches Govt to Sort Out GST Evasion Loopholes

Insurance Industry Appeals Govt to Resolve GST Loopholes

Beneath the GST evasion problem the insurance industry would be asked before the government to resolve the problems. A top representative team that comprises some of the CEOs of leading private sector general insurers has already met Tarun Bajaj, retiring Revenue Secretary, Ministry of Finance (MoF), the representatives of life insurers are preparing to meet […]

Amendments and Issues Related to ITC Reversal

Easy Explanation of GST ITC Reversal (Non-Payment 180 Days)

In this article, we will learn and understand the complete process of the GST Input Tax Credit (ITC) reversal if in case the clients and the concerned parties miss the payments for more than 180 days or so. The post will take the sections and other major amendments in the provisions of the sub-sections. There […]

Summary of GST Notification No. 22/2022 for GSTR 9 Form

GST Notification No. 22/2022 for Claiming ITC While Filing GSTR 9

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 […]

Telangana GST AAR's Order for M/s Bambino Pasta Food Industries Pvt. Ltd.

Telangana AAR Allows CSR Expenses to be Claimed As GST ITC

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 […]

GST ITC Complexities for Taxpayers

Reasons Why GST Return Changes Will Improve ITC Complexities

The GST law execution in India would have been started through the narrative of national ambition and that of a global exception. To ease the whole GST framework for India Inc the government is enduring a lot via revising the reporting method to make the GST a Good and simple tax for exclusively non-compliant assesses […]

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