#Itc Claim

GST Input Tax Credit Refund is releasing by Government in just 3 days. Yes you heard it right, if your GST is stucked in Credit Ledger because of Inverted Duty Structure then department is releasing refund in just 3 days via automated process. Claim your GST Refund now. #financeby_ca_bros #gst #refund #itc #inputtaxcredit [Finance GST Refund Inverted Duty Structure Tax Credit ITC Input Tax Credit Businessman Professional CA CS CMA Advocate Claim Now ]

Supplier’s GST registration cancelled years later — and now the recipient is asked to reverse ITC? This practice has no legal backing. 📌 Himachal Pradesh High Court – Himalaya Communication Pvt. Ltd. The Court has categorically held that Input Tax Credit cannot be denied where: • All conditions under Section 16 are fulfilled • Goods have been actually received • A valid tax invoice is available • The supplier had filed GSTR-1 and GSTR-3B at the relevant time The subsequent cancellation of the supplier’s registration or later declaration as “fake” cannot be the sole ground for ITC reversal, interest, or penalty. ⚖️ A recipient cannot be penalised for the supplier’s default. 👉 Follow for regular GST & tax updates 💬 Comment “ITC” to receive the full judgement (PDF) #finance #incometax #gst #gstreturns gstregistration gst case suppliers registration cancel itc reversal tax smallbusinessowner

🚨 GST ITC Utilisation Rules – Quick Guide! Confused about the correct order to utilise Input Tax Credit (ITC) under GST? 🤔 Using ITC in the wrong order can lead to interest liability and departmental notices. Here’s the simple rule to remember 👇 🔹 IGST Credit ➡️ First adjust against IGST ➡️ Then CGST ➡️ Then SGST 🔹 CGST Credit ➡️ First adjust against CGST ➡️ Then IGST 🔹 SGST Credit ➡️ First adjust against SGST ➡️ Then IGST ⚠️ Important Restrictions: ❌ CGST credit cannot be used to pay SGST ❌ SGST credit cannot be used to pay CGST 📚 As per Section 49A & Rule 88A of the CGST Act 💾 Save this post for quick GST revision 📤 Share with your CA friends & business owners #gstindia#inputtaxcredit#gst#gstupdates#gstcompliance

GST Registration ke baad har business receipt ko properly disclose karna zaroori hai. Saving account me receive hua amount agar business nature ka hai, to uska GST implication ignore karna risk create kar sakta hai. Transparency, proper accounting aur bank reconciliation hi safe compliance ki key hai. Compliance today avoids litigation tomorrow. Follow @ca.rahulmittal [Gst, saving account, chartered accountant, tax, income tax, notice, penalty, interest, current account] #gst #incometax #indian #registration #business

In a recent judgement of Tripura High Court in 2026, court favours the assessee that on mere fact that Supplier have not deposited the GST will not constitutes that Assessee was in default and recovery of same will not be done from the Assessee if he fulfilled all the following conditions: ✅ The Assessee has fulfilled all the conditions of Section 16. ✅ The Assessee possess a valid invoice. ✅ The goods are delivered or the services are properly rendered. ✅ Payment was made against the invoice on time before expiry of 180 days. ✅ The Assessee has a valid e-way bill. #financeby_ca_bros #gst #caselaw #itc #gstreturns [ Finance GST Law Case Law Fake ITC Input Tax Credit E-way bill Valid Invoice CA CS Advocate Professional GST Returns Registration Section 73 Section 74 DRC 01 Case ]

GST return nahi bhara? 🚨 Late fee + Interest + Registration suspension tak ho sakta hai. Business owners ke liye yeh ignore karna mehenga pad sakta hai. 📌 Regular filing zaroori hai. 👉 Save karein future reference ke liye. 👉 Follow for daily GST compliance tips. #gst #gstindia #tax #smallbusiness #gstnotice 🚨 NOTICE ⚠ PENALTY 💰 SAVE TAX ❌ MISTAKE 📌 IMPORTANT 🔥 URGENT ✔ COMPLIANCE Aap GST khud file karte ho ya CA karta hai?

🚨 Don't Pay ₹25,000 Fine! Is Your GST Certificate Hidden? 🛑" Most GST registered businesses think having a PDF on their phone is enough. It’s NOT! ❌ In this video, we break down Rule 18 of the CGST Act. If you have a GST registration but haven't displayed your Form REG-06 and GSTIN at your shop or office, you are inviting a heavy penalty from GST inspectors. 🚔 #ICAI #GSTCompliance #GSTUpdates #ExpertAdviceByCA

Supplier GST जमा न करे तो ITC मिलेगा या नहीं? High Court का important judgement #Trending#ViralReel#ReelsIndia#BusinessReels#LegalUpdate क्या supplier GST जमा न करे तो buyer को दोबारा GST देना चाहिए?

GST ITC Alert 🚨 ❌ Personal expenses par ITC allowed nahi hota 📌 Section 16 – CGST Act ke according Input Tax Credit tabhi milega jab goods / services business purpose ke liye ho. 🚫 ITC NOT allowed on personal use items like: • Washing Machine • Laptop (personal use) • Mobile • TV / Home appliances 👉 Agar same item personal + business dono ke liye use ho raha hai, to personal portion ka ITC reverse karna padega. ⚠️ Galat ITC = • Interest • Penalty • Department notice ✅ ITC lene se pehle purpose check karein. 📞 Need GST help? GST with Arpit 💼 #GST #itc #news #laws #ca

1% GST cash me pay nahi kiya toh registration suspend ho jayega.” This statement is misleading. Rule 86B of the CGST Rules, 2017 does not mandate 1% cash payment in every case, nor does it automatically lead to suspension. What the law actually says: Where the value of taxable supplies (excluding exempt and zero-rated supplies) exceeds ₹50 lakh in a month, a registered person cannot utilise ITC beyond 99% of the output tax liability. Accordingly, minimum 1% of output tax must be discharged through the electronic cash ledger. However, the Rule itself carves out statutory exceptions where this restriction does not apply, including: • Where the registered person, or specified key managerial persons, have paid more than ₹1 lakh as Income Tax in each of the last two financial years for which the due date under section 139(1) has expired. • Where the registered person has received a refund exceeding ₹1 lakh in the preceding financial year on account of unutilised ITC under section 54(3), including exports or inverted duty structure. • Where the registered person has already discharged more than 1% of cumulative output tax liability in cash during the current financial year, in which case Rule 86B ceases to apply for the balance of that year. • Where the registered person is a Government Department, Public Sector Undertaking, local authority, or statutory body. • In respect of specified goods notified under Rule 31D, where tax is paid by the supplier on the basis of retail sale price, traders are exempt from the restriction to that extent. Further, the Commissioner or an authorised officer may remove the restriction after due verification, as expressly provided under the Rule. Bottom line: Rule 86B is a restrictive mechanism, not a penal provision. Suspension, blocking of ITC, or coercive calls cannot be justified without first testing the statutory conditions. Save this. Law understood today prevents litigation tomorrow. #Gst #gstwithharshit #taxupdatebyharshit #gstnotice #gstpricedrop

#gst #gstregistration

⚖️ What Courts Have Clearly Held 👉 Retrospective cancellation cannot automatically destroy genuine past transactions. 🔹 M/s Himalaya Communication Pvt. Ltd. vs Union of India Himachal Pradesh High Court ✅ Key Findings GST department cannot deny ITC only because supplier’s registration was cancelled with retrospective effect Authorities must verify facts first, such as: Whether goods/services were actually received Whether tax invoice is valid Whether payment (including GST) was made Mechanical ITC denial is illegal . . . #gst #tax #taxseason #gstupdates #finance #financetips #stockmarket #trending #explorepage #india #government #incometax #GSTIndia