The Calcutta High Court has delivered an important ruling on the treatment of Input Tax Credit under the GST law, holding that IGST ITC claimed in the annual return filed in Form GSTR-9 cannot be rejected outright for the purpose of adjustment against a tax demand raised through GSTR-3B, unless clear reasons are provided by … Read more
The Allahabad High Court has delivered an important ruling clarifying that Input Tax Credit cannot be denied to a genuine recipient merely because the supplier’s registration was cancelled at a later stage, as long as the supplier was duly registered under GST on the date of the transaction and had complied with return filing and … Read more
The Calcutta High Court has delivered an important ruling providing relief to taxpayers who corrected earlier GST reporting errors through the annual return. The case revolved around non-disclosure of compensation cess in monthly GSTR-3B returns, which was later fully disclosed and rectified in the annual GSTR-9 return. The Court directed the GST authorities to reconsider … Read more