Can the post-supply reduction in price impact the ITC claim?
By, SHRI SHAILESH P. SHETH, ADVOCATE , M/S. SPS LEGAL Input Tax Credit’ (‘ITC’) is the ‘soul’ of the ‘Goods and Services…
Tag: Eligible ITC
SECTION 16(2)(C) – LEX NON COGIT AD IMPOSSIBILIA
Author : By Mr. Ashish Miglani INTRODUCTION SECTION 16(2)(C) is one of major and dangerous defining section to avail Input…
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…
AN ANALYSIS OF INPUT TAX CREDIT CONCEPT UNDER GST
By, M.S.VIJAYAKUMAR, ASSISTANT COMMISSIONER GST (RETD.) One of the main objective of GST was to eradicate cascading effect of taxes which existed…
INTEREST CAN BE LEVIED IF ITC WRONGLY AVAILED BUT NOT UTILIZED?
Author : By Mr. Ashish Miglani Section 50:- Interest on delayed payment of tax.— (1) Every person who is liable…
Input Tax Credit (ITC) : A concern of a taxpayer
The Input Tax Credit (ITC) is a privilege given to the taxpayer by the Govt. The taxpayer is thankful for…
Amendment through Notification no.92, 94 dated 22.12.2020
Debit Note is delinked from its original invoice for the purpose of claiming Input Tax Credit (ITC) u/s 16(4) of…
Rule 36(4) of CGST Rules, 2017
Rule 36 of CGST Rules, 2017 was amended vide Notification No. 49/2019-Central Tax dated 09.10.2019 to insert sub-rule (4) as…
GST Return filing system (v3.0) w.e.f. 01.01.2021
Article by, CA HARSHIL SHETH, Email : ca.harshilsheth@gmail.com Contact: 9879831157 Title: GST Return filing system (version 3.0) from 01.01.2021 Intention…
GST Problems – What Our Government Should Do Now
Article by, Mr. CA Sudhir Halakhandi Sudhirhalakhandi@gmail.com By extending the dates of GST and tax audit, the government has given…