Taking ITC in March 2025 for invoices that will only appear in April 2025 GSTR 2B would be considered provisional credit, which is not allowed under the current rules . In this case department shall ask us to reverse the credit with interest and then tax payer can reclaim it if time limit of Section 16(4) permits. this reversal and reclaim is unnecessary procedure. can't it be avoided

Taking ITC in March 2025 for invoices that will only appear in April 2025 GSTR 2B would be considered provisional credit, which is not allowed under the current rules . In this case department shall ask us to reverse the credit with interest and then tax payer can reclaim it if time limit of Section 16(4) permits otherwise tax payer may lose the itc. what is your suggestion

I am allowed to take ITC only from GSTR 2B. however in the month of March 2025 ITC reflected in GSTR 2B was Nil since my supplier did not file GSTR 1 in time. therefore I took ITC in the GSTR 3B since that ITC will be reflected in the month of April 2025 GSTR 2B. Can I take the ITC in the month of March 2025 GSTR 3B which ITC will be reflected in April 2025 GSTR 2B. the claim of ITC may be legally valid in the light of Section 16(4). the tax payer shall pay the interest of one month.

I am allowed to take ITC only from GSTR 2B. however in the month of March 2025 ITC reflected in GSTR 2B was Nil since my supplier did not file GSTR 1 in time. therefore I took ITC in the GSTR 3B since that ITC will be reflected in the month of April 2025 GSTR 2B. Can I take the ITC in the month of March 2025 GSTR 3B which ITC will be reflected in April 2025 GSTR 2B. Is it legally valid, if yes, give reasons

amalgamating company of Maharashtra and amalgamated company of Goa. The amalgamated company of Goa wish to file ITC 02 to transfer credit in respect of IGST, CGST and SGST of amalgamating company. it will effectively result in transfer of credit lying in Maharashtra to Goa. Is it permissible. Also read Section 18(3) and other provisions while you answer

can pre deposit be made through ITC. if yes what is the source of information

which type of payment of tax requires that payment should only be made in cash and not by utilising ITC?

I have applied for cancellation of registration. the officer is asking for bank statements and many other documents before cancelling the registration. is the action of officer justified?

If bank has gone to debt recovery tribunal against the company for loan recovery and drt order to auction all assets of the company and pay to the bank. Now the company do not have any assets to pay to the gst. Can department still recover gst from the company?

can stock be seized if inspection is carried out under section 67(1)?

can interest on bill discounting or bill discounting be treated as actionable claim?

I am registered and have sold the goods on credit to one of my recipient against invoice. I pledge this invoice to my bank who gives me loan and charges interest. This is called bill discounting. This interest is then re-imbursed by the recipient. Interest to bank is an expense and interest received is an income. Department is saying this interest received from the recipient which is an income is taxable since it relates to late payment charges. Is the action of department correct?

I am registered and have sold the goods on credit to one of my recipient against invoice. I pledge this invoice to my bank who gives me loan and charges interest. This is called bill discounting. This interest is then re-imbursed by the recipient. Interest to bank is an expense and interest received is an income. Department is saying this interest is taxable since it relates to late payment charges. Is the action of department correct?

i am disputing tax inspite of the difference between GSTR 1 and GSTR 3B. Will officer issue notice under section 73 or 74 or can directly undertake proceedings under section 75(12). is there any instruction or circular regarding this for the period 2017-18, 2018-19 and 2019-20. before issuance of instruction no 01/2022 and before amendment in Section 75(12)

i am disputing tax inspite of the difference between GSTR 1 and GSTR 3B. Will officer issue notice under section 73 or 74 or can directly undertake proceedings under section 75(12). is there any instruction or circular regarding this

There is circular No 238/32/2024 dated 15.10.2024 where it say that if demand falls in Section 75(12) which is difference between GSTR 1 and GSTR 3B then interest and penalty cannot be waived. however neither section 128A nor Rule 164 places such restriction. is it correct to say that circular is over riding section 128A and Rule 164?

is there anywhere written that utilisation of ITC can be only through GSTR 3B? if yes in which section or rules it is written. do not search table

is there anywhere written that utilisation of ITC can be only through GSTR 3B?

instruction of annual return GSTR 9 says that if annual return is selected while making payment of tax vide DRC 03, payment of tax should be made in cash only. I our opinion this instruction to GSTR 9 over rides Act and Rules and therefore even after selection of annual return in DRC 03 payment of tax can be made by utilising ITC. is it correct. Analyse it by reading the definition of input tax credit and Section 49.

instruction of annual return GSTR 9 says that if annual return is selected while making payment of tax vide DRC 03, payment of tax should be made in cash only. I our opinion this instruction to GSTR 9 over rides Act and Rules and therefore even after selection of annual return in DRC 03 payment of tax can be made by utilising ITC. is it correct.

i am registered tax payer and make hoarding in flex and display on high ways. I carry these hoardings on truck at different locations. Whether I require to generate e way bill?