ITC DENIED -Input Tax Credit cannot be denied mechanically to a bona fide buyer merely because the supplier failed to pay GST or failed to reflect invoices in GSTR-1/GSTR-2A, if the buyer has fulfilled statutory conditions such as possession of tax invoice, receipt of goods or services, payment to supplier through banking channels, filing of...
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Rule 86A ITC Blocking After the K-9 Enterprises line of cases, GST authorities cannot mechanically block Input Tax Credit under Rule 86A of the CGST Rules. Rule 86A is a drastic preventive power and must be exercised only after the proper officer forms independent “reasons to believe” on the basis of relevant material. Courts have...
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Introduction In the bustling landscape of South Delhi’s legal arena, finding the right representation for intellectual property litigation can be a daunting task. However, with our expert guidance, navigating through the myriad options becomes a breeze. This article serves as your ultimate resource, presenting the most reputable law firms renowned for their prowess in intellectual...
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Introduction: Are you seeking top-notch legal representation for corporate law matters in South Delhi? Look no further! This guide is your ultimate resource for finding the best law firm in the area. Whether you’re a startup, small business, or multinational corporation, selecting the right legal partner is crucial for success. We’ll walk you through the...
Read MoreABSTRACT TO ONLINE GAMING India’s online gaming market is expanding quickly, and the number of users is rising constantly. Notwithstanding its widespread appeal and prospects for growth, the sector encounters a noteworthy obstacle due to a newly suggested resolution by the Goods and Services Tax (GST) Council. The ruling states that online gaming will now...
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