Articles

Patanjali Foods stated that the penalty does not have any significant effect on the company beyond the penalty amount.

Patanjali Foods Faces GST Penalty for Non-reversal of ITC as per section 17(2)

News

The Hyderabad Commissioner of Indirect Taxes and Customs has fined Suzlon Energy Limited Rs.4,158 for short reversal of ITC under Section 74 of the CGST Act, 2017.

Suzlon Energy penalized with Rs.4,158 for violation of GST ITC norms

Circulars

CBIC has released the circular to specify the method in which suppliers are to furnish proof of compliance with Section 15(3)(b)(ii) of the  CGST Act of 2017.

CA/CMA Certificate Requirement for Reversal of ITC

CBIC has notified Mechanism to provide evidence of compliance with conditions of Section 15(3)(b)(ii) of the CGST Act, 2017 by the suppliers via issuing Circular.

Judgement

The Allahabad High Court dismissed a firm's plea against the penalty, interest charged, and reversal of ITC on inward supplies of products by non-existent entities.

Allahabad High Court Cancels Petition against GST ITC Reversal on Fake Supplies

Kerala GST Practitioners Association said that the reversal of ITC due to Rule 37A will negatively impact businesses because it shifts the weight of tax duty to the customer.

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Patanjali Foods Faces GST Penalty for Non-reversal of ITC as per section 17(2)

Suzlon Energy penalized with Rs.4,158 for violation of GST ITC norms

CA/CMA Certificate Requirement for Reversal of ITC

CA/CMA Certificate Requirement for Reversal of ITC

Allahabad High Court Cancels Petition against GST ITC Reversal on Fake Supplies

New GST rule on ITC Reversal may affect business: Kerala GST Practitioners Association