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The Delhi High Court has ordered the tax department to promptly release a refund related to the GST Input Tax Credit (ITC), along with interest. The court decided that the refund should not be delayed because there was no ongoing appeal or hold on the last decision made by the Appellate Authority, which authorised the […]
A summary of the show cause notice in GST DRC-01 is not a substitute for the actual SCN required to be issued under Section 73(1) of both the CGST Act and the SGST Act, the Gauhati High Court has ruled. The applicant, Aman Gupta, stated that the department furnished the SCN summary on 29.11.2024 without […]
While refusing to quash the Show Cause Notice (SCN), the Madras High Court directed the Goods and Services Tax (GST) department to provide a copy of the verification report that formed the basis of the notice. The validity of the SCNs dated 26.03.2025 is being contested by the applicant, a sole proprietor of Tvl. Sri […]
In May 2025, India collected ₹2.01 lakh crore in Goods and Services Tax (GST). This amount is 16.4% higher than the ₹1.72 lakh crore collected in May 2024, according to the Ministry of Finance. This increase shows that the country’s economy is growing and more businesses are paying taxes. Surging by 12.6 per cent, Rs […]
The Karnataka High Court, in a ruling, has held in favour of M/s Safan Fasteners, setting aside the order of the tax department that restricted the Electronic Credit Ledger (ECL) of the company under Rule 86A of the Central Goods and Services Tax (CGST) Rules. The court said that the measure was opted without allotting […]
The Gujarat High Court favoured a ruling in the case of Ajay Industries, a partnership firm engaged in the manufacturing and sales of cottonseed oil, in a matter of the refund of unutilized Input Tax Credit (ITC) under the Goods and Services Tax (GST) regime. The case is concerned with the firm’s claim of a […]
For failing to properly analyse the case of a GST ITC mismatch, the Gujarat High Court imposed a cost of ₹1 lakh on the state tax department. A writ petition has been furnished by the Grasim Industries Ltd to the Gujarat HC contesting an order passed by the adjudicating authority under the Central Goods and […]
The declaration of HSN (Harmonised System of Nomenclature) codes in invoices under the Goods and Services Tax (GST) regime in India is a significant compliance need that differs as per the type of sale, B2B (Business to Business) or B2C (Business to Consumer) and the taxpayer’s annual turnover. The HSN codes support in categorising the […]
Before the 56th meeting of the Goods and Services Tax Council, the Industry body CII aimed early conclusion of the rate rationalisation process in a meeting with Finance Minister Nirmala Sitharaman. In the additional GST reforms, the industry body recommended considering all petroleum products under GST, relaxations in the ITC to facilitate the working capital […]
