ITC reversal on goods written off or destroyed | A new pandora box under GST !” Input tax credit under Indirect Tax Laws has always been one of the subject matters which invites close attention by taxpayers, revenue, and professionals. The Central Goods and Services...
Judgement Update Time limit to file TRAN-1 is procedural and not mandatory The recent decision of High Courts in the case of Siddharth Enterprises v. The Nodal Officer, 2019-VIL-442-GUJ and Krish Automotors Private Limited v. UOI, 2019-VIL-462-DEL has given a big...
Refund of VAT credit not carried forward in FORM GST TRAN-1 due to non-submission of FORM C This update intends to apprise you regarding the availability of refund of Input Tax Credit (‘ITC’) of VAT, which could not be transitioned under GST due to non-availability of...
GST rate change on job-work services With effect from October 1, 2019, the rate of GST on job-work services have been amended vide Notification No.20/2019-Central Tax (Rate) dated September 30, 2019 (‘Amendment Notification’). Through this update, we would like to...
Restriction for availing unmatched Input Tax Credit This is to apprise you regarding a recent amendment in the Central Goods and Services Tax Rules, 2017 (‘CGST Rules’) vide Notification No. 49/2019-Central Tax dated October 9, 2019. Vide this amendment, the...
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