time barred credit – OnlineTaxUpdate

The need for a GST settlement scheme

byAdmin29/02/202429/02/2024

The GST regime will complete seven years in July 2024. There has been a substantial increase in the number of show cause notices and other recovery proceedings in the last few years. Timelines have been extended for passing of orders…

GST Article High Court

ITC cannot be availed by the Registered Person when returns are filed beyond statutory period stipulated u/s 16(4) of the CGST Act

byCA Bimal Jain09/01/202409/01/2024

The Hon’ble Calcutta High Court in the case of BBA Infrastructure Ltd. v. Senior Joint Commissioner of State Tax [MAT No. 1099 of 2023 dated December 13, 2023] dismissed the writ petition and held that, Section 16(1) of the Central…