Supply of Duty CREDIT Scrips – Impact on Input Tax CREDIT
Introduction: Duty Credit Scrip (DCS) is an incentive scheme which is an export promotion benefit offered by the Government of…
Tag: ITC
‘Failure to pay’, not to deny Input Tax Credit (ITC) under certain cases
The proviso to Sec 16(2) of CGSTA denies ITC where the recipient ‘fails to pay’ to the suppler the amount…
Availing ITC as per law and GSTR2B
For some of the taxpayers, there was an issue in relation to duplicate entries in GSTR2B which has since been…
No reason to believe that ITC is fraudulently availed: Punjab & Haryana HC
The Punjab and Haryana High Court bench of Justices Tejinder Singh Dhindsa and Pankaj Jain has held that there should…
Fake bills that provide input tax credit against payment of Goods and Services Tax (GST)
Several companies, including builders, are turning to dubious consultants to generate unaccounted cash by creating fake bills that provide input…
The buyer is not responsible for non-payment of tax by the supplier
The Hon’ble Calcutta High Court in the case of SANCHITA KUNDU AND OTHERS vs. THE ASSISTANT COMMISSIONER OF STATE TAX…
DGGI Gurugram arrests one person for fraudulently availing ITC of more than 160 crore through a network of 10 fake firms
The Directorate General of GST Intelligence (DGGI) Gurugram Zonal Unit (GZU), Haryana has detected a case wherein total ITC of…
CGST Commissionerate Mumbai South arrests Co-conspirator in a Fake ITC claim of Rs. 11.07 cr.
Anti-Evasion Unit of Mumbai South CGST Commissionerate has arrested the co-conspirator in a case of M/s New Laxmilal & Co.…
CGST, Thane Rural Commissionerate arrests three persons in two cases related to fake availment and utilization of ITC
In one of the cases, two accused were arrested on the ground that they were found actively involved in the…
CGST Commissionerate, Raigad a person involved in fake GST Input Tax Credit racket
As a part of the special Anti-Evasion drive launched by CGST, Mumbai Zone against the fraudsters and tax evaders, CGST…