According to the Central Board of Indirect Taxes and Customs (CBIC), businessmen who are registered on the GST network portal in Punjab’s Bathinda must display their GST number at their premises in order to avoid a fine of up to ₹ 50,000. The CBIC has ordered all businessmen to strictly adhere to the GST number […]
The Goods and Services Tax Network (“GSTN”) has issued an Advisory No. 601 dated August 31, 2023 on the introduction of Electronic Credit Reversal and Re-claimed statement on the GST Common Portal. The Government has notified certain changes in Table 4 of Form GSTR-3B to enable taxpayers in reporting correct information regarding ITC availed, ITC reversal, ITC […]
Suncraft Energy Private Limited and Another v. The Assistant Commissioner, State Tax [MAT 1218 of 2023 dated August 02, 2023] In the recent case of Suncraft Energy Private Limited and Others v. Assistant Commissioner, State Tax, the Calcutta High Court issued a landmark decision. Without properly investigating the supplier, the court addressed the matter of […]
Arhaan Ferrous And Non-Ferrous Solutions Pvt Ltd Vs Deputy Assistant Commissioner (Andhra Pradesh High Court) The 1st Petitioner who is the buyer or owner of the goods The 1st Respondent is the Revenue The 4th Respondent is the supplier of the goods The Honourable Court held, It is clear that the proceedings for detention of […]
Singhi Buildtech Pvt. Ltd. Vs Additional Commissioner of Commercial Taxes Enforcement (Karnataka High Court) In a case filed in the High Court of Karnataka at Bangalore, the petitioner, M/S. Singh Builder Technology Pvt. Ltd., is suing the Assistant Commissioner of Commercial Taxes under Section 67(4) of the Karnataka Goods and Services Tax Act, 2017/Central Goods […]
In order to limit the use of Input Tax Credit (ITC) amounts in the Electronic Credit Ledger (ECL), the Goods and Services Tax Network (GSTN) has added a new tab to the GST Portal called Rule-86B. The new tab is accessible from the Services menu. There are restrictions outlined in Rule 86B regarding the utilisation […]