Timeline to claim Input Tax Credit of FY 25-26 – Part 4
Input tax Credit (ITC) should be correctly recorded in the books of accounts. Timely recording in books is of great advantage. It helps in working capital management.
Tag: GST
UPI Is No Longer Economically Free for the Merchant: Accounting, GST and Business Implications of MDR
There are no free lunches in this world. India’s businesses just found out the one they’d been eating for years had a bill attached all along.
Supreme Court Stays Allahabad High Court Ruling on UP State’s Deputy Commissioner Power to Issue Penalty Notice U/S 122
The Hon’ble Supreme Court in M/s Nageen Traders and Molding India Pvt. Ltd. v. State of U.P. & Ors. [SLP (C) Nos. 30711-30713 of 2026 dated September 07, 2026] issued notice and stayed the operation of the judgment of the…
Timeline to claim Input Tax Credit of FY 25-26 – Part 3
Input Tax Credit (ITC) as a concept is easy to understand, but it pose challenges when we want to claim the credit.
Pre-Deposit on Penalty Order Cannot Be Demanded Merely Because the GSTAT Appeal Is Filed After October 01, 2025 and Question of Jurisdiction kept open for adjudication proceedings U/S 122
The Hon’ble Supreme Court in M/s PVCON Engineering Co. issued notice on the question whether the mandatory pre-deposit for preferring an appeal before the Goods and GSTAT in penalty-only matters
Who is a Proper Officer to adjudicate Penalties U/S 122 & Pre-Deposits requirement for SCN issued for Penalty only prior to Oct 1, 2025
The Hon’ble Delhi High Court in Rohit Garg disposed of a batch of writ petitions assailing the SCN and Orders-in-Original (“OIO”) passed under Section 122 of the the CGST Act
Timeline to claim Input Tax Credit of FY 25-26 – Part 2
First of all the taxpayer must ascertain the eligibility of the Input Tax Credit (ITC) on his purchases, expenses and capital goods.
GST Portal downtime 18.09.26
GSTN is taking downtime to enhance its services on the GST Portal on 18.09.2026 from 12:00 AM onwards until 2:00 am of 18.09.2026.
₹5.55 Crore GST Credit Under Scanner, Pharma Company MD Arrested
The Preventive Wing of the Central Goods and Services Tax (CGST) Commissionerate, Shimla, has uncovered an alleged GST fraud involving input tax credit of around ₹5.55 crore in the Kala Amb industrial area of Sirmaur district.
GST Fraud: Partner Arrested for Rs 15.78 Cr ITC Claims
GST officers have arrested a partner of a firm engaged in trading of iron and steel goods for fraudulently availing input tax credit of over Rs 15.78 crore.