Tax Guru17d
ITC Double Claiming Risks Post-GSTR-2B: A Guide for GST Compliance
Navigating ITC Double Claiming Risks Post-GSTR-2B Introduction: A Guide for GST Compliance ...
New GST rule from April 1, 2025: ISD mandatory for input tax credit; not following will lead to ITC denial, minimum penalty of Rs 10,000
GST: The government has made the ISD mechanism mandatory, effective April 1, 2025. This means that the distribution of common input tax credit (ITC) must be carried out exclusively through the ISD ...
Supreme Court upholds buyers can correct clerical errors in GST filings without penalty, claim ITC
In a significant ruling that promises ease of compliance to taxpayers under the goods and services tax, the Supreme Court has ...
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SC says Telcos can claim ITC on key infra-spends
The judgment overturned a 2014 ruling by the Bombay HC, which had classified these items as non-capital goods, denying telcos the right to claim ITC. The SC bench, comprising Justices B V ...
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Assessees Claim For ITC Cannot Be Denied For Being Disadvantageous To State Exchequer: Karnataka HC Clarifies Principles On Input Tax Credit Claims
The Karnataka High Court while laying down vital guidelines on Input Tax Credit stated that if the Assessee during the course of reassessment proceedings makes a claim for Input Tax Credit, ...