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The AAR, Tamil Nadu in the case of In Re. M/s. A Senthil Maharaj ruled that, the ITC is not admissible in case of the Rotary Car Parking System as the said system is permanently fastened and is installed for the purpose of permanent enjoyment.
Mining giant Vedanta Ltd has received GST demand notices to the tune of Rs 1.86 crore for availing input tax credit, which has been termed “ineligible” by the tax authority.
Leading cement maker UltraTech Cement has received two demand orders, interest and penalties totalling Rs 72.06 lakh from the GST…
The AAAR, Gujarat in the case of M/s. The Varachha Co-Op. Bank Ltd. [Ruling No. 37/2021 dated October 04, 2023]…
State GST department – Government of Kerala has published ‘Standard Operating Procedures’ for monitoring ineligible input tax credit in Return…
Net ITC is to be reported in Table 4(A) and ITC reversal, if any, is to be reported in Table 4(B) of GSTR-3B.
02/09/2022 Thanking you Team GSTN Source: GSTN
By, Mr. Ashish Miglani INTRODUCTION The GST Law was introduced on 1st July 2017 as per 101 constitution amendment act and…
Table 7 of GSTR-9 requires the information of reversal of eligible Input Tax Credit (ITC) and details of ineligible ITC…
By, M.S.VIJAYAKUMAR, ASSISTANT COMMISSIONER GST (RETD.) One of the main objective of GST was to eradicate cascading effect of taxes which existed…