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The Hon’ble Allahabad High Court in the case of M/s. Vivo Mobile India Private v. Union of India and Others [Writ Tax No. 433 of 2021 dated September 5, 2023] allowed the writ petition and held that as per Rule…
The Hon’ble Madras High Court allowed the writ petition and held that the penalty could not be imposed on wrongly availed ITC as there is no change in tax liability of the Assessee when Transitional Credit has been debited for discharging tax liability and wrongly availed Input Tax Credit has been reversed.
The Hon’ble Delhi High Court in the case of M/s. Indian Herbal Store Pvt. Ltd. vs. Union of India allowed the writ petition and held that the Rule 89(4)(C) of the GST Rules, would not have any retrospective application.
If the taxpayer is able to prove that tax amount is paid to the seller and the Input Tax Credit claim is bonafide so the Input Tax Credit cannot be denied merely on non-reflection of transaction in GSTR-2A.
Input Tax Credit of GST on canteen facility provided to contract worker is not eligible because contract worker are not employees of the assessee
The AAR, Karnataka, in M/s. Orient Cement Limited ruled that, ITC on gold coins is not restricted under section 17(5)(h) of the CGST Act, since the gold coin is not given as gifts but as the achievement of marketing targets set by the assessee.
1. Provisions of the law: As per section 50(3) of the CGST Act, 2017, where the amount of ITC is wrongly availed and utilized by the registered person, he shall be liable to pay interest on such amount of ITC…
The Hon’ble Patna High Court in M/s. Aastha Enterprises v. State of Bihar held that ITC is in the nature of a benefit/concession and not a right extended to the assessee under the statutory scheme.
The Noida Police has issued non-bailable warrant issued against 10 people for defrauding the government of Rs.15,000 crore by using fake input tax credit (ITC) documents, news agency ANI has reported on 20 August. Earlier on 12 August, a businessman…
The Hon’ble Delhi High Court in M/s. Redamancy World v. Senior Intelligence Officer held communication letter sent by the DGGI to the assessee’s bank and customers, directing them not to make payments for the goods supplied by the petitioner, was not legally authorized, being not issued in requisite Form DRC-22.