bonafide error in GST return

Whether ITC can be denied in case of bonafide errors in filing GST returns where there is no loss of revenue?

byCA Ritesh Arora31/05/202431/05/2024

The Honorable Bombay High Court in the case of NRB Bearings ltd. allowed the petition while permitting the Taxpayer to rectify FORM GSTR-1 and held that in cases of bonafide errors in filing returns where no loss of revenue occurs, the technicalities should not prevent rectification.

GST Article High Court

ITC cannot be denied in case of bonafide errors in filing GST returns where no loss of revenue occurs

byCA Bimal Jain17/03/202417/03/2024

The Hon’ble Bombay High Court in the case of NRB Bearings Ltd. allowed the petition while permitting the Assessee to rectify FORM GSTR-1 and held that in cases of bonafide errors in filing returns where no loss of revenue occurs, the technicalities should not prevent rectification.