Handling of Inadvertently Rejected Records on IMS – A Practical Guide
Businesses often face issues in reconciling Input Tax Credit (ITC) due to mistakenly rejected records on the Invoice Matching System (IMS). Whether it’s an invoice, debit note, or credit note, incorrect rejections can disrupt the seamless flow of ITC. Here’s a practical guide to help both recipients and suppliers handle such rejections effectively. 1. How […]
GST Refund for E-commerce Sellers – Key Considerations
E-commerce sellers face multiple tax responsibilities under GST. Among them, claiming refunds is one of the most important. It helps maintain better cash flow and reduces the overall tax burden. This blog explains the key areas every online seller must focus on to claim GST refunds correctly and without delay. What Is a GST Refund? […]
Comparative Study: GST Refund under Inverted Duty vs Export Without LUT
In the world of GST compliance, refund mechanisms offer much-needed relief for businesses facing blocked working capital. Two widely used refund avenues are Inverted Duty Structure (IDS) and Export Without LUT (Letter of Undertaking). While both fall under zero-rated supply mechanisms, their eligibility, documentation, and financial implications differ significantly. Let’s break down both scenarios and […]
Delhi High Court Grants Relief to Ashish Metals Over ₹79.76 Lakh GST ITC Demand
Overview In a significant judgment that brings procedural fairness to the forefront, the Delhi High Court has granted interim relief to MS Ashish Metals in a matter GST ITC Demand an alleged wrongful availment of Input Tax Credit (ITC) worth ₹79.76 lakhs. The case highlights how a typographical error in GST return filing can snowball […]
Advisory: Auto-Populated Liability in GSTR-3B to Become Non-Editable from July 2025
Introduction The Goods and Services Tax Network (GSTN) is rolling out a crucial change for taxpayers from the July 2025 tax period onwards. As part of the government’s efforts to streamline GST return filing and improve data accuracy, the auto-populated tax liability in Form GSTR-3B will become Non-Editable. This blog outlines what’s changing, how it […]
Delhi High Court Directs Immediate GST Refund to Truth Fashion with Interest
In a significant legal win for MSMEs, the Delhi High Court has ordered the Commissioner of DGST, Delhi, to immediately release a GST refund of ₹18.33 lakh to Truth Fashion, a proprietorship owned by Ms. Sadia. The Court also instructed the authorities to pay interest on the delayed refund, as mandated under Section 56 of […]
June 2025 Compliance Checklist: TDS, GST, PF, Advance Tax & More
As we enter June 2025, it’s important for businesses, startups, professionals, and accountants to stay updated with key due dates for tax payments, filings, and statutory compliance. Missing deadlines can lead to penalties, interest charges, and notices from authorities. To help you stay organized, here’s a detailed and simplified list of all important compliance deadlines […]
GST on Garden Expenses for RWAs – A Simple Guide
Maintaining green spaces in housing societies is more than a beautification task—it’s part of everyday upkeep. But when Resident Welfare Associations (RWAs) spend on garden-related items, one question often comes up: Can they claim Input Tax Credit (ITC) under GST? Some believe that such expenses fall under blocked credits as per Section 17(5)(c) of the […]
ITC on Goods Damaged, Destroyed by Fire or Stolen: Complete GST Guide 2025
Introduction Have your goods ever been lost, destroyed in a fire, or stolen during transport? Situations like these affect not just your stock, but also your tax credits. According to Section 17(5)(h) of the GST Act, you cannot claim or retain ITC on goods that are lost, stolen, destroyed, written off, or given away as […]
