Tag Archives: ITC

Accumulated ITC lying unutilized will no lapse on account of inverted duty structure : High Court

By | August 3, 2019

HIGH COURT OF GUJARAT Shabnam Petrofils (P.) Ltd. v. Union of India J.B. PARDIWALA AND A.C. RAO, JJ. R/SPECIAL CIVIL APPLICATION NOS. 16213, 20626 OF 2018 JULY  17, 2019 R.C. Jani for the Petitioner. Devang Vyas for the Respondent. ORDER   A.C. Rao, J. – As common question of law arise in both these petition and as in both these petitions,… Read More »

ITC can be claimed if consideration paid through book adjustment : AAR

By | May 9, 2019

The Applicant is engaged in the manufacturing and retailing of jewellery and articles made of gold, silver, platinum, diamonds and other precious stones under the brand name “Senco Gold & Diamonds”. Apart from his own retail stores, the Applicant also maintains a network of franchisee-operated stores. He grants such a franchisee the right and license… Read More »

GST Dept can arrest Managing Directors if ITC claimed on Fake Invoices : HC

By | April 25, 2019

Since offence under Section 132 is made out and Senior Officials of Company are behind bars, Petitioner being Managing Director is responsible and Department has the right to proceed under Section 69 and 70 of the Act. HIGH COURT OF RAJASTHAN Bharat Raj Punj v. Commissioner of Central Goods & Service Tax Department, Jaipur PANKAJ… Read More »