input tax credit
Indirect Taxes
Documentary Evidence Dominates Probe, Further Custody Unwarranted: Mumbai Court Grants Bail in Rs. 22.44 Crore Customs Duty Evasion Case
A Mumbai court has granted bail to a 24-year-old businessman arrested by the Directorate...
Indirect Taxes
Service Tax Demand Can’t Be Based Solely on Form 26AS and Profit and Loss Account; Director’s Salary Not Taxable: CESTAT
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Allahabad, has set aside a...
GST
Fraudulent GST ITC | Rs. 50K Cost Imposed On Writ Petitioner For Concealing Facts: Delhi High Court
The Delhi High Court has dismissed the petition with the cost of Rs. 50K...
GST
Year-End GST Purchases: Experts Warn Against Missteps in Claiming Input Tax Credit
As the financial year draws to a close, many businesses rush to make bulk...
GST
Man Held in Thane for Rs. 47.32 Crore GST ITC Fraud
A significant GST ITC fraud amounting to Rs. 47.32 crore has been unearthed in...
Columns
Denial Of Refund Of Input Tax Credit On Inverted Duty Structure
The inverted duty structure is causing several administrative problems in the GST system. Taxpayers will have accumulated credits in the form of refund claims.
GST
Can a Proprietor Firm Claim Input Tax Credit on Mobile Phone and Car Purchased for Personal Use?
This article delves into whether a proprietor firm can claim ITC on mobile phones...
GST
CBIC Issues Clarification On Input Tax Credit Availed By E-Commerce Operators
The Central Board of Indirect Tax And Customs (CBIC) has issued the clarification in...
GST
54th GST Council Meet: Facilitation Of Trade Measures
The 54th GST Council met under the Chairpersonship of Union Minister for Finance &...
Latest articles
Indirect Taxes
Documentary Evidence Dominates Probe, Further Custody Unwarranted: Mumbai Court Grants Bail in Rs. 22.44 Crore Customs Duty Evasion Case
A Mumbai court has granted bail to a 24-year-old businessman arrested by the Directorate...
Indirect Taxes
Service Tax Demand Can’t Be Based Solely on Form 26AS and Profit and Loss Account; Director’s Salary Not Taxable: CESTAT
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Allahabad, has set aside a...
Indirect Taxes
Service Tax Appeal Filed Beyond Statutory Three-Month Limit Can’t Be Entertained: CESTAT
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Allahabad, has held that the...
Direct Tax
Income Tax Officer Can’t Use Last-Minute Valuation Reference to Extend Assessment Limitation: Gujarat High Court
The Gujarat High Court has quashed an Income Tax Department reference made to the...