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The Delhi High Court has granted relief to a company engaged in selling various pharmaceutical products and medical devices, ruling that its Input Tax Credit claim could not be rejected merely because its supplier had cited an incorrect GST number on the tax invoices. In the facts of the case, a division bench of Justices […]
What is an Invoice Management System (IMS)? Businesses use the IMS system to monitor and manage their input purchases, inventory, and inward supplies efficiently. It ensures that the raw materials, consumables, and services purchased for production or business procedures are being tracked effectively. The Invoice Management System (IMS) in this case assists in ensuring the […]
The Gujarat High Court ruled in favour of Patanjali Foods Ltd. (Patanjali), keeping the refund of unutilized Input Tax Credit (ITC) of Rs 1,70,07,091, which was initially granted but subsequently desired to be recovered by the revenue. The applicant, Patanjali Foods, is a foremost manufacturer and seller of edible oil who applied for an ITC […]
The government, in relief to Goods and Services Tax (GST) payers, seems to have revised the rules of Central GST (CGST), permitting the recipients of goods and services up to two months to accept or reject a credit note and adjust the Input tax credit as per that. The taxpayers currently using the Invoice Management […]
The Gauhati High Court has kept the constitutional validity of CGST Rule 36(4). The provision specifies documentary needs and conditions for a registered person claiming input tax credit (ITC). It was noted by the division bench of Chief Justice Vijay Bishnoi and Justice N. Unni Krishnan Nair that the provision was legislated based on the […]
The Karnataka High Court has directed the state tax department to refund the GST Input Tax Credit (ITC), ruling that it cannot be denied solely due to the non-issuance of a credit note by the other party to the contract. It was contended by the revenue department that the order of the Single Judge whereby […]
It was ruled by Allahabad High Court that the only absence of an e-tax invoice as of the technical issue in the Goods and Services Tax (GST) portal does not direct to tax evasion if all the other transit documents are in place. The ruling was issued in response to a writ petition filed by […]
A demand of Rs 14.08 crore from the GST authority in Punjab has been received by Bajaj Electricals for an alleged mismatch in input tax credit (ITC) claimed by it, the company cited. On February 20, 2025, the company received an assessment order from the office of the Assistant Commissioner, Mohali, Punjab alleging obligation on […]
The Allahabad High Court in a ruling has held that the lack of GSTN in a supplier certificate is not a true foundation to refuse the input tax credit (ITC) and asked the tax authorities to reconsider the applicant’s claim. A business entity Bhagwan Das Agrahari, submitted a writ petition challenging the orders passed via the state […]
