Input Service Distributor vs. Cross Charging
When the Finance Act, 2024, turned the Input Service Distributor mechanism from an option into an obligation, effective April 1, 2025, most commentary stopped at explaining the rule itself
Tag: GST
The Comprehensive Guide to Rectification of Errors Apparent on the Face of the Record
The Central Goods and Services Tax Act, 2017 is a procedure-driven law under which notices, decisions, certificates, and adjudication orders can significantly affect taxpayers.
GST Refund
GST or “Goods and Services Tax” is a comprehensive Indirect Tax that has replaced many Indirect Taxes in India. The Goods and Services Tax Act was passed in the Parliament on 29th March, 2017
About GST
Goods and Services Tax (GST) is one of the most important economic reforms introduced in India. It came into effect on 1 July 2017 with the aim of creating a simpler and more unified indirect tax system. GST replaced several…
GST on Assignment of Leasehold Rights in Land: Gujarat High Court’s Landmark Ruling Affirmed by the Supreme Court
The taxability of leasehold rights has been one of the most litigated issues under the Goods and Services Tax (“GST”) regime.
GOODS AND SERVICE TAX (GST), 2017
“If the Value Added Tax (VAT) is considered to be major improvement over the pre-existing Central Excise duty at the national level and the Sales Tax system at the State Level, then the Goods and Service tax (GST)
Disallowance of Input Tax Credit as “Blocked Credit” under Section 17(5) of the CGST Act, 2017
Input Tax Credit (ITC) is the vigor of the Goods and Services Tax regime, designed to eliminate the cascading effect of taxes by permitting a registered person to set off tax paid on inward supplies against output liability.
A Study OF Input Tax Credit (ITC) Under GST
ITC is one of the important tax features of Goods and Service Tax . ITC is a Mechanism to avoid Cascading of Taxes .Cascading of Taxes , in simple Language, is ‘Tax on Tax’ under the present system of taxation
Fake ITC and Bogus Billing under GST: From Detection to Prosecution — Evolving Judicial Approach and Due Process
Input Tax Credit (“ITC”) is the foundation of GST, but its misuse through fake invoices, non-existent suppliers, accommodation entries and transactions without actual supply has emerged as a major enforcement concern.
Section 16(2)(c) of the CGST Act: When the Supplier’s Default Becomes the Recipient’s Risk
Input Tax Credit is central to the architecture of Goods and Services Tax. It prevents cascading effect by allowing tax paid at one stage to be set off against tax payable at the next.