Tag: ITC
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Buyer To Prove Tax Payment By Supplier For Availing GST ITC: Kerala High Court Dismisses Petition Citing Single Bench Observation
The Kerala High court has held that the burden of proof lies on the buyer to prove tax payment by the supplier for availing...
CBIC Issues Clarification On Availability Of ITC On Goods Delivered By Supplier At Place Of Business Under Ex-Works Contract
The Central Board of Indirect Taxes and Customs (CBIC) has issued the clarification on availability of input tax credit as per clause (b) of...
List Of Goods And Services Ineligible For Input Tax Credit Under GST – 2025 Update
Input Tax Credit (ITC) is a significant feature of the Goods and Services Tax (GST) system that allows businesses to claim credit for the...
CBIC Circular Clarifying ITC Availability On Demo Vehicles Prevails Over AAAR’s Order: Bombay High Court
The Goa bench of Bombay High Court has held that the Central Board of Indirect Taxes and Customs (CBIC) Circular clarifying Input Tax Credit...
Supreme Court Grants Bail To Accused Claiming Rs. 40K Crores Fake ITC By Creating 2600 Fake Firms
Fake ITC | The Supreme Court has granted bail to the accused who was involved in 2600 fake firms registration and the input tax...