*_No Interest or Penalty on wrong availment of ITC: Madras High Court_*

*In the Favour of Taxpayer* *Issue* Whether proper officer was correct in imposing 100% penalty and interest u/s 50(3) of the CGST Act 2017 where the taxpayer has availed excess transition credit with an intention to utilise the same in future. Where such excess credit availed by the taxpayer remains unutilised, whether department can proceed […]

*_Recovery of Notice Pay is not a Supply under GST: AAR, Maharashtra_*

GST Solutions for Professionals

*In the Favour of Taxpayer* *Issue* Whether the notice pay recovered by the employer from the employee in lieu of not serving the notice period is a supply under Section 7 of CGST Act 2017? Whether the recovery of notice period shall be treated as consideration towards tolerating and forbearing an act of the employee? […]

Precautions you should take against Fake Invoice

Precautions you should take against Fake Invoice

Many of your clients would have received DRC-01A with the context that either the supplier is absconding, or his registration has been cancelled retrospectively, hence your client is required to deposit GST on the said invoices. Despite the transactions being reflected in GSTR 2A, having proper tax invoices and making the payment to vendor, GST […]