Tag:
ITC
GST
ITC Not Available On Share Buyback Expenses: AAR
The Gujarat Authority of Advance Ruling (AAR) has ruled that the Input Tax Credit (ITC) is not available on share buyback expenses.The bench of...
GST
ITC Available on Canteen Services for Factory Employees, Limited to Employer’s Cost Share: AAR
The Gujarat Authority of Advance Ruling (AAR) has ruled that Input Tax Credit (ITC) available on canteen services for factory employees, which is limited...
GST
Gujarat High Court Upholds Rs.1.7 Crore Utilised ITC Refund for Patanjali Foods, Rejects Dept.’s Recovery
In a major relief to Patanjali Foods, the Gujarat High Court has upheld the Rs.1.7 Crore utilised Input Tax Credit (ITC) refund and rejected...
GST
Jharkhand High Court Grants Anticipatory Bail Advocate For Processing GST Registration Of Firm Wrongfully Claiming ITC Without Document Verification
The Jharkhand High Court has granted anticipatory bail to advocate/tax practitioner who failed to verify the documents for GST registration of a firm which...
GST
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...
Notification
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...
Columns
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...
GST
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...