wrongful availment of ITC – OnlineTaxUpdate

GST law carrying moto of “One Nation, One Tax and One Market” reason being subsumed taxes into one i.e. GST, which is Charged depending on place of supply under following Heads

GST Article High Court

Petitioner is not liable to pay penalties for the wrongful availment of ITC by the Supplier

byCA Bimal Jain20/02/202420/02/2024

The Hon’ble Calcutta High Court in the case of Fairdeal Metals Ltd. v. Assistant Commissioner of Revenue, State Tax, Bureau of Investigation (NB) [Writ Petition Application No. 170 of 2024 dated February 01, 2024], held that the Petitioner was not…

Tag: wrongful availment of ITC

Availment and Utilisation of ITC in Wrong Head of Tax – an Invitation to Litigation

Petitioner is not liable to pay penalties for the wrongful availment of ITC by the Supplier