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| NOVEMBER 2022 (Week 4) | ||
GST NEWS BULLETIN
‘Sufficient Balance’ is not required in Electronic Credit Ledger in order to block ITC due to ineligibility under Rule 86A
The Hon’ble Calcutta High Court in the case of Basanta Kumar Shaw v. Assistant Commissioner of Revenue, Commercial Taxes and State Tax, [MAT 976 OF 2022 WITH CAN 1 OF 2022] held that in terms of Rule 86A (1) of the Central Goods and Services Tax Rules, 2017 (“the CGST Rules”),
CBIC amends GSTR-9 instructions to reflect the increased period for claiming ITC and amendment
The CBIC amends the instructions of GSTR-9 in Notification No. 22/2022-Central Tax dated November 15, 2022, to reflect the increased period for claiming Input Tax Credit ("ITC") and amendment.
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