WebMay 31, 2024 · The Hon'ble High Court of Orissa re-establishes the principle of seamless credit in the supply chain as backbone of GST regime. The judgement opens a horizon for various persons using immovable property for providing taxable supplies with no breakage in tax credit chain. WebSep 12, 2024 · In a significant move, the Supreme Court has admitted the appeal filed by the GST department against the order of the Odisha High Court wherein the High Court held that input tax credit is available in respect of GST paid while constructing the immovable property intending to let out for rent. The petitioner, M/s Safari…
Ritesh Aggarwal vs Directorate General Of Gst ... on 27 July, 2024
WebMay 24, 2024 · Section 17 (5) (d) of CGST Act restrict the credit in case of immovable property. The section provides that no input tax credit will be available if it is used for construction of immovable property. The … WebApr 29, 2024 · The Judgement is crucial for giving a lesson that the revenue authorities must have caught and punished the seller if he was convicted of not submitting tax to the revenue department “There are many cases where the buyer genuinely buys goods or services and makes the payment for the same along with GST to the supplier. san andreas trailer
landmark high court decision for ITC of construction
WebJul 6, 2024 · GST High Court Judgement : Interest is mandatorily payable for delayed payment of GST Case of Megha Engineering And Infrastructures Ltd Vs CCT reported … WebMay 5, 2024 · Hon’ble Delhi High Court has held that period of 90 days for claiming input tax credit in TRAN-1 is directory and therefore, period of limitation of 3 years under the Limitation Act would apply. ️The Court has directed the Department to allow all assessees to claim input tax credit in TRAN-1 by 30.6.2024. WebMay 6, 2024 · Hence our legal submission in the matter is that irrespective of any High Court judgement, the department is bound by Section 42 itself so as not to automatically reverse ITC. Press Release Dated 04.05.2024: GST Council approves principles for filing of new return design based on the recommendations of the Group of Ministers on IT … san andreas tips