DGGI Gurugram arrests man for forging input tax credit of around Rs 392 crore The Directorate General of GST Intelligence (DGGI) Gurugram Zonal Unit (GZU), Haryana has arrested one Kabir Kumar, resident of New Delhi on charges of creating and operating fictitious firms on forged documents and passing fake input tax credit by way of […]
The CBDT issued clarification in respect of Direct Tax under Vivad se Vishwas Act, 2020, wherein the Board has extended the timeline for making payment without additional amount till March 31, 2021. The Vivad se Vishwas Act, 2020 was enacted by the government with the objective to reduce pending income tax litigation, generate timely revenue […]
Quarterly returns for small taxpayers Relief to small taxpayers, the Council decided that the small taxpayers will be required to file returns quarterly. The number of returns of small taxpayers will also be reduced from 24 to 8 from January 2021. Enhancement in features of return filing: The GST Council has decided to revise the due […]
10 Issues in ITC under GST that have businesses on their knees ITC or Input Tax Credit under GST is the process of claiming the credit of taxes already paid by a taxpayer as an input in the making of a good or service. Although it has been a while since ITC has been in […]
![Vision Distribution (P.) Ltd. Vs Commissioner, State Goods & Services Tax [2020]](https://taxfin.co.in/wp-content/uploads/2020/06/Judgement.jpg)
HC of Delhi gave an important judgment, The system limitations cannot be a justification to deny the relief, to which the Petitioner is legally entitled. Facts of the Case Assessee made exports in months of July and August, 2017, but it could not use and exploit input tax credit to the tune of INR 3.05 crores, which was accumulated […]