Can the buyer be denied the ITC on account of the fraud or malpractices committed by the supplier?

By, SHRI SHAILESH P. SHETH, ADVOCATE , M/S. SPS LEGAL The Goods and Services Tax (GST) cannot be expected to be completely insulated from the adverse impact of the tax cascade prevalent in any Indirect tax system. However, with a view to mitigate – if not completely eliminate – this adverse impact of the tax cascade, the […]


By, M.S.VIJAYAKUMAR, ASSISTANT COMMISSIONER GST (RETD.) One of the main objective of GST was to eradicate cascading effect of taxes which existed under Central Excise, VAT and Service Tax. Under GST Input tax Credit (ITC) can be claimed irrespective of place of supplier, thus making accessibility for sales and purchase of goods easier. Amendment in Section 16 […]

Challenge Validity of Section 16(4) of CGST Act, When Time Extend to Claim ITC on Inward Supply Is in Force

By, Mr. S. Kannan B. Com., LL.B When the GST Commissioner, extend time limit, to furnish details of inward supply, meanwhile, he himself could restrict time limit under section 16(4), is legally valid? (a) Vested Rights granted to every registered person under the CGST Act , entitled to take the credit of “ELIGIBLE” input tax […]

Advisory for taxpayers on Form GSTR-2B

Source : GSTN / News and Updates / 18.10.2021 1. Form GSTR-2B is an auto-drafted ITC statement which is generated for every normal taxpayer on the basis of the information furnished by their suppliers in their respective GSTR-1/IFF, GSTR-5 (non-resident taxable person) and GSTR-6 (input service distributor). This statement indicates availability and non-availability of input […]

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