Why Is Input Tax Credit Denied Under GST, and What Can a Business Do?
Introduction When Input Tax Credit is denied under GST, a business loses money it had already counted on. Consider a trader who buys goods worth ₹10 lakh and pays ₹1.8 lakh as GST to the supplier. The trader claims this as ITC and uses it to pay output tax. A year later, an ITC denial…
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How to Respond to a Mining Show-Cause Notice
Receiving a mining show-cause notice from a state mining department, the Directorate of Mines and Geology, the Indian Bureau of Mines, or any other regulatory authority can be unsettling. The notice usually alleges some form of violation – unauthorised mining, excess extraction, breach of lease conditions, or non-compliance with a statutory requirement – and asks…
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Five Things Happening in GST Law That Nobody Told You About
1. No Hearing, No Order — It’s That Simple Picture this. A small trading firm gets a notice one fine morning saying it owes lakhs in tax, interest, and penalty. No one ever sat the owner down and asked, “So, what actually happened here?” The order just… arrived. Final. Adverse. Life-altering. Turns out, courts have had…
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