Advisory: Date extension for reporting opening balance for ITC reversal 29/12/2023 1. In order to facilitate the taxpayers in correct and accurate reporting of ITC reversal and reclaim thereof and to avoid clerical mistakes, a new ledger namely Electronic Credit and Re-claimed Statement was introduced on the GST portal. This statement was made available to… Read More »
GST Number can not be denied if t two persons have been carrying on their business in same premises : High Court HIGH COURT OF MADRAS Bio Med Ingredients (P.) Ltd. v. Assistant Commissioner (ST) / Commercial Tax Officer* KRISHNAN RAMASAMY, J. W.P. NO. 28811 OF 2023 W.M.P. NO. 29632 OF 2013 NOVEMBER 1, 2023… Read More »
New GST Case Law on Section 16(4) of the CGST Act; GST Input Tax Credit (ITC) Madras HC, Madurai Bench – KAVIN HP GAS GRAMIN VITRAK v. THE COMMISSIONER OF COMMERCIAL TAXES [W.P.(MD).Nos.7173 and 7174 of 2023 and W.M.P.(MD)Nos.6764 and 6765 of 2023] – High Court allows belated Input Tax Credit claim, citing the absence… Read More »
GOVERNMENT OF INDIAMINISTRY OF FINANCE(DEPARTMENT OF REVENUE)CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS NOTIFICATIONNo. 55/2023 –CENTRAL TAX New Delhi, the 20thDecember, 2023 G.S.R…(E).—In exercise of the powers conferred by sub-section (6) of section 39 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Commissioner, on the recommendations of the Council, hereby… Read More »
HIGH COURT OF GAUHATI Pepsico India Holdings (P.) Ltd. v. Union of India MANISH CHOUDHURY, J. WP(C) NO. 6960 OF 2023 DECEMBER 13, 2023 Mrs. R. Borah, Adv. for the Petitioner. DY.S.G.I., Adv. for the Respondent. ORDER 1. Heard Mr. R. Shah, learned Senior Counsel through virtual mode, assisted by Mr. D. Borah and Mr. J. Mishra, learned counsel for… Read More »
HIGH COURT OF BOMBAY Kuehne Nagel (P.) Ltd. v. State of Maharashtra G.S. KULKARNI AND JITENDRA S. JAIN, JJ. WRIT PETITION NO. 15210 OF 2023 DECEMBER 6, 2023 Yash Prakash i/by PDS Legal for the Petitioner. Ms. Shruti D. Vays, Addl. G.P. and Ms. P.N. Diwan, AGP for the Respondent. ORDER 1. By this petition under Article 226 of the Constitution of India, the petitioner has… Read More »
HIGH COURT OF DELHI R. K. Metal Industries v. Commissioner of GST VIBHU BAKHRU AND AMIT MAHAJAN, JJ. W.P. (C) NO. 15931 OF 2023 DECEMBER 12, 2023 Dinesh Mohan Sinha, Rajeev Kr. Deora and Wakil Kumar, Advs.for the Petitioner. Rajeev Aggarwal, ASC and Ms. Charu Sharma, Adv.for the Respondent. ORDER Vibhu Bakhru, J. – Issue notice. 2. Mr. Rajeev Aggarwal, learned counsel appearing for… Read More »
HIGH COURT OF BOMBAY Star Engineers (I) (P.) Ltd. v. Union of India G.S. KULKARNI AND JITENDERA JAIN, JJ. WRIT PETITION NO.15368 OF 2023 DECEMBER 14, 2023 ORAL JUDGMENT (Per G. S. Kulkarni, J.) 1. This petition under Article 226 of the Constitution of India essentially challenges a communication dated 27 September 2023 issued by the respondent-Deputy… Read More »
UPI transactions grew from ₹ 1 lakh crore in FY 2017-18 to ₹ 139 lakh crore in FY 2022-23 in value, at a CAGR of 168% Year-on-Year growth in the value of bank notes in circulation decreases from 9.9% in FY 2021-22 to 7.8% in FY 2022-23 Posted On: 18 DEC 2023 5:08PM by PIB… Read More »
Seller Invoice not reflecting in GSTR 2A , No ITC reversal by buyer without first recovery from seller : Supreme Court SUPREME COURT OF INDIA Assistant Commissioner of State Tax v. Suncraft Energy P. Ltd. MRS. B. V. NAGARATHNA AND UJJAL BHUYAN, JJ. SLP APPEAL (C) NO(S). 27827-27828 OF 2023 DECEMBER 14, 2023 Maninder Acharya, Sr. Adv., Ms.… Read More »