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

232 ViewsBy, 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, […]

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

152 ViewsBy, 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 […]

Advisory for taxpayers on Form GSTR-2B

152 ViewsSource : 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 […]

Article on “audit” conducted by the GST department under Section 65 of CGST Act, 2017.

231 ViewsFrom the Desk of B.S.S.Rao B.S. Seethapathi Rao, Tax Consultant, Kakinada. Dated.16.10.2021. Article on “audit” conducted by the GST department under Section 65 of CGST Act,2017. Dear Colleagues, Good day to you. I have received suggestions to prepare an article on “Audit conduct by the GST Department “under Section 65 of CGST Act, 2017. […]

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