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Any taxpayer could not be stopped by the taxing authorities from claiming his statutory right, as specified under this Act in the garb of technicality. A Single Bench of the Allahabad High Court, in a major exemption to the taxpayer, M/s Yash Kothari Public Charitable Trust, has ruled that offline filing of Goods and Services […]
Through the Finance Bill, 2023, the government is likely to make changes to the Goods and Services Tax (GST) law that will prevent businesses from receiving tax credits for the purchases of goods and services that they make on behalf of the community as part of their corporate social responsibility (CSR) obligations. According to two […]
Scrutiny notifications and intimations have been circulated recently, suggesting that the department is requiring taxpayers to reverse the excess input tax credit claimed in Form GSTR 3B as compared to credits shown in GSTR 2A. How reliable are such communications? Is the taxpayer compelled by law to reverse such credits? We shall go over the […]
What is GST Rule 88C? The Achilles’ heel of GST has always been the mismatch in GSTR-1 and 3B. There have been several cases when ITC was transferred by the supplier via GSTR-1 even though taxes had not yet been refunded via GSTR-3B. While some of the discrepancies in GSTR-1 and 3B relate to tax […]
Due to the non-consideration of the response to the Show Cause Notice (SCN) and the delay during the conflict, a Division Bench of the Patna High Court (HC) reinstated the GST Registration. M/s Kala Coke and Chemicals Pvt Ltd., the petitioner, asked the court to issue a consequent writ order to overturn the Additional Commissioner […]
The Central Board of Indirect Taxes and Customs has made it clear that once a company enters the bankruptcy process, it cannot be made to pay back taxes, such as GST, in excess of the “reduced amount” established. Banks and investors will benefit from the change in a more assured way. CBIC mentioned that when […]
The Delhi High Court decided to investigate if the GST department can perform indirectly what the insolvency law averts it from accomplishing directly. When the goods and services tax council refuses the GST input tax credit to the customers of the insolvent entity on the basis of the unpaid dues of the latter. The matter […]
The homebuyers who cancel the buying of the under-construction home post furnishing the purchase cost and goods and service tax (GST) shall obtain a refund via the government. In the 48th GST council meeting, no mechanism would be there to claim for the tax refund that is delivered via unregistered purchasers in matters in which […]
Kerala High Court in a ruling permitting the petition by M/s Manappuram Finance Ltd has stated that the circular which has been provided by the Central Board of Indirect Taxes and Customs (CBIC), saying that the GST would not be applied for the notice pay obtained via an employee and has a retrospective effect rendered […]
