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The Hon’ble Madras High Court in Larsen and Toubro Ltd. held that any pre deposit made under the VAT regime by debiting ITC must be refunded in cash after the implementation of GST.
The Hon’ble Gauhati High Court (Kohima Bench) in M/s ITI Ltd. v. Union of India & Ors. [WP(C)/150/2024 dated March 20, 2026] set aside the order dated April 30, 2024 passed by the Assistant Commissioner, Central Goods and Services Tax (CGST), Dimapur Division under Section 73 of the Central Goods and Services Tax Act, 2017 (“the CGST Act”) for Financial Year 2018–19 on two grounds: ..
The Hon’ble Kerala High Court, in the case of M/s South Indian Bank Ltd. examined the prevalent connection between Input Tax Credit (ITC) and Income Tax depreciation, particularly considering the case of banking industries, Financial Companies, Non-Banking Financial Companies (NBFCs). The Court addressed this issue in the specific context of banking companies, financial institutions, and NBFCs, and held that claiming depreciation on the unavailed portion of the tax credit does not disentitle the assessee from claiming ITC on the remaining portion, where no depreciation has been claimed.
Section 34 of CGST Act, 2017 requires the recipient to reverse the Input tax credit already taken basis the credit note issued by the supplier so that the supplier can reduce his output tax liability. CBIC has issued Circular no. 212/06/2024 dated 26.06.2024 providing mechanism for evidencing the compliance of condition of section 15(3)(b)(ii) of CGST Act, 2017.
The Hon’ble Supreme Court of India in the case of Amit Mehra v. Union of India [Special Leave to Appeal (Crl.) No.20996/2025, order dated January 12, 2026] held that notwithstanding the gravity of the alleged offence relating to fake input tax credit, the petitioner was entitled to regular bail considering prolonged judicial custody, non-commencement of trial, absence of charge-framing, the offences being triable by a Magistrate, and the maximum punishment being up to five years, and accordingly set aside the order of the Punjab & Haryana High Court declining bail.
Infosys tweeted as “The functionality to utilise CGST or SGST ITC in any order for payment of IGST liability, after fully utilisation of IGST Credit, will be available from February 2026 period.
A gang involved in tax evasion of ₹ 2.75 crore by creating fake GST firms in Lucknow has been exposed. The Cyber Cell, Surveillance and Itaunja Police have arrested four accused, while the mastermind is absconding. Input Tax Credit (ITC) was sold to businesses through 16 bogus firms.
Britannia Industries has received a goods and services tax (GST) order demanding Rs 108.5 crore in tax along with an equivalent penalty and applicable interest, the company said in a regulatory filing on Thursday.
Farm and construction equipment firm Escorts Kubota Ltd on Tuesday said it has received a tax demand, along with interest and penalty, totaling over Rs 3.4 crore over an issue of eligibility of input tax credit from Maharashtra tax authorities.
The government should provide clarity on whether the infrastructure of hyperscale data centres qualifies as ‘plant and machinery’ or civil structures, to help them be eligible for Input Tax Credit (ITC) on construction-related activities, tax advisory firm PwC has recommended.