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Tag Archives: ITC
Last Date to Claim Input Tax Credit on Debit Notes
Last Date to Claim Input Tax Credit on Debit Notes
GST ITC Transition Plan for Jammu and Kashmir reorganization w e f 31.10.2019
GST ITC Transition Plan for Jammu and Kashmir reorganization w e f 31.10.2019
New 20% ITC Restriction under GST : Clarification by circular : Big Change in GST Input Tax Credit
New 20% ITC Restriction under GST : Clarification by circular : Big Change in GST Input Tax Credit Rule 36(4) Clarified by CBIC
New ITC Rules for New GST Returns
New ITC Rules for New GST Returns Last date to avail ITC of FY 2018-19 under GST Rule 88A CGST :ITC Utilization : Commentary Can you use ITC to pay wrong ITC ? How to Claim Excess ITC of GSTR 2A New Auto Reconciliation of Input Tax Credit on GST Portal How to Reverse Incorrect… Read More »
Accumulated ITC lying unutilized will no lapse on account of inverted duty structure : High Court
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 »
Last date to avail ITC of FY 2018-19 under GST
Last date to avail ITC of FY 2018-19 under GST Taxpayer forgot to Claim Input Tax Credit on Invoice say dated 10.09.2018 (FY 2018-19). Can I Claim ITC in FY 2019-20? If yes then upto what date? Answer : You can Claim ITC in FY 2019-20 ITC of FY 2018-19 can be claimed upto earlier… Read More »
ITC can be claimed if consideration paid through book adjustment : AAR
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
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 »
How to Claim Excess ITC of GSTR 2A
GST portal show ITC in GSTR 2A more than that filed in GSTR 3B for FY 17-18. How to claim excess in GSTR 9 and when the said ITC would be available? Answer : You have to claim in March 2019 GSTR 3B return ( to be filed till 20th April 2019) if amount shown… Read More »