HC Declines to Quash CGST Order, Relegating “Same Subject Matter” Dispute to Appeal. Issue Whether a High Court, in its writ jurisdiction, should quash a CGST assessment order on the grounds of a parallel State GST proceeding (a breach of Section 6(2)(b)), or whether the determination of the “same subject matter” is a disputed question… Read More »
HC Quashes ECL Block by SMS, Citing No Hearing or Independent Reasons. Issue Whether an order to block a taxpayer’s Electronic Credit Ledger (ECL) under Rule 86A of the CGST Rules is legally valid if it is communicated merely by an SMS, issued without a pre-decisional hearing, and is based on “borrowed satisfaction” from an… Read More »
Delhi HC Grants Ebix Interim Relief, Calls Attachment of 11 Bank Accounts “Grossly Disproportionate.” Issue Whether the provisional attachment of 11 bank accounts of a company (Ebix Technologies) was a legally valid and proportionate measure, especially when the alleged fraudulent Input Tax Credit (ITC) was only ₹3.1 crore and the company itself was not the… Read More »
AAAR Denies ITC on IGST Paid via TR-6 Challan for Imports Issue: Whether a TR-6 challan, used to deposit differential Integrated Goods and Services Tax (IGST) and Customs Duty after a price adjustment (often due to an SVB order), is a prescribed document under GST law for claiming Input Tax Credit (ITC) under Section… Read More »
Kerala AAR: No Legal Restriction on Inter-State CGST/IGST Credit Transfer on Merger Issue: Whether a company in one state (Kerala) can legally transfer the unused closing balance of Central GST (CGST) and Integrated GST (IGST) Input Tax Credit (ITC) from the Electronic Credit Ledger (ECL) of a merged company in a different state (Haryana),… Read More »
GST Rate Cut Eases Discount Pressure for Truck Manufacturers Issue: To analyze the impact of the Goods and Services Tax (GST) rate rationalization on the pricing strategy of truck manufacturers, particularly regarding the need for aggressive discounts to attract buyers in the highly competitive commercial vehicle (CV) market. Facts: The GST rate on vehicles,… Read More »
CBDT Empowers CPC for Faster Refunds and ITR Corrections Issue: To streamline the process of rectifying common arithmetical or accounting errors arising from the automated processing of Income Tax Returns (ITR) and to expedite the subsequent issuance or correction of tax refunds. Facts: Rectification of errors in automated assessments often required manual intervention by… Read More »
Insurance Brokers Push for ‘Zero-Rated’ GST to Reclaim ITC Issue: To seek a major tax policy change where the zero-rated status is applied to the insurance sector instead of the current exempt status, allowing insurers and intermediaries to recover Input Tax Credit (ITC) on their expenses, which would alleviate pressure on agent commissions and… Read More »
GST Cuts Fuel ICE Surge, Leave EVs Trailing Issue: To analyze the market impact of the GST rate cuts on the automotive industry, noting the unexpected consequence that the reduction in tax for Internal Combustion Engine (ICE) vehicles significantly narrowed the price gap with Electric Vehicles (EVs), leading to a surge in ICE sales… Read More »
Chhattisgarh Launches UPI, Card Payments for GST Returns Issue: To simplify the process of making Goods and Services Tax (GST) payments, enhance transparency, and improve the ease of doing business for traders and businesses in Chhattisgarh by offering diverse digital payment methods. Facts: The Chhattisgarh government, led by Chief Minister Vishnu Deo Sai and… Read More »