Tax Guru1d
ITC Denial on Retrospectively Cancelled Registrations: Case Remanded for Re-adjudication
The case involves Jyoti Tar Products Pvt. Ltd., which challenged the denial of Input Tax Credit (ITC) under the GST regime. The issue arose when tax authorities alleged that the company had claimed ...
Business Insider India3y
OPINION: GST Input Tax Credit changes from January 1 – Things to ask your vendor, how to protect your ITC and more
Unless the suppliers report their supplies over the GST portal aptly and the same is visible in their auto drafted GSTR-2B, the ITC on such supplies will not be available to the recipient even if ...
Vedanta Hit With ₹141.36 Crore GST Penalty Over Ineligible ITC Claims; Plans Legal Challenge
Global mining conglomerate Vedanta Ltd was hit with Goods and Services Tax (GST) penalties of Rs 141.36 crore for alleged ...
The Free Press Journal6d
Mumbai: Glenmark Pharmaceuticals Receives ₹121.25 Crore GST Demand For 2017-22; Company To Appeal
The notice includes a demand of Rs 57.70 crore for excess Integrated Goods and Services Tax (IGST) refunds claimed on the cost, insurance, and freight ... ITC on expired drugs, claiming fake GST ...
The Free Press Journal6d
Vedanta Hit With ₹141.36 Crore GST Penalty Over Ineligible ITC Claims; Plans Legal Challenge
Global mining conglomerate Vedanta Ltd was hit with Goods and Services Tax (GST) penalties of Rs 141.36 crore for alleged ineligible Input Tax Credit (ITC) availment on Saturday. The Mumbai listed ...