input tax credit – smeaccountant

Young woman in Lạng Sơn, Việt Nam, enjoys a book amidst flowers in a sunlit room.

Delhi High Court Rules on Section 6(2)(b) GST Proceedings and ITC Issues

Delhi High Court declines writ interference in a GST dispute, clarifying that matching financial years and ITC issues do not automatically establish identical subject matter.

Prasenjit Bhowmik September 5, 2026

Close-up of a rustic green wooden wall with the white number 16 painted on it.

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Supreme Court Upholds Section 16(2)(c): Mandatory Supplier Tax Payment for ITC

Explore the Supreme Court ruling upholding Section 16(2)(c) of the CGST Act, making supplier tax payment a strict condition for claiming ITC.

Prasenjit Bhowmik September 4, 2026

Digital clock displaying 16:28 at a railway station during golden hour, illuminated by warm sunset light.

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Understanding Section 16 2 c CGST: Compliance and Reforms

Explore the legal and practical implications of Section 16 2 c CGST, input tax credit reversals, judicial rulings, and upcoming tax system reforms.

Prasenjit Bhowmik August 30, 2026

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Supreme Court Upholds Section 16(2)(c) of CGST Act as Constitutional

Discover how the Supreme Court ruling on CGST Section 16 2 c impacts your input tax credit eligibility and business compliance.

Prasenjit Bhowmik August 25, 2026

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Understanding ITC Reversal and Reclaim under GSTR-3B: Key Guidelines for Taxpayers

Tax authorities across jurisdictions have introduced comprehensive guidance regarding the Input Tax Credit (ITC) reversal and reclaim mechanism under GSTR-3B forms. The updated framework clarifies how registered businesses must report…

Prasenjit Bhowmik August 21, 2026

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Understanding GST Rule 86B: The 1% Cash Payment Requirement and Compliance FAQs

Learn how GST Rule 86B impacts your business and discover who is exempt from the mandatory one percent cash payment requirement to ensure compliance.

Prasenjit Bhowmik August 20, 2026

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ICAI Releases Clarifications on GSTR-3B Table 4(A) Input Tax Credit Reporting

Master the new ICAI guidelines on GSTR 3B Table 4A input tax credit reporting to resolve auto-population errors and ensure accurate tax compliance.

Prasenjit Bhowmik August 20, 2026

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Telangana High Court Permits GSTAT Appeal in Retrospective ITC Reversal Case

The Telangana High Court has allowed a taxpayer to appeal a retrospective ITC reversal before the GSTAT, offering businesses a clear path to contest tax...

Prasenjit Bhowmik August 16, 2026