Search: input tax credit

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GST · 18 Sep 2026

CGST Delhi South arrests iron and steel trader over fake ITC of ₹25.22 crore

The Anti-Evasion Branch found inadmissible input tax credit availed and passed on through bogus invoices of about ₹140.14 crore. The proprietor was arrested under section 69 of the CGST Act.

Customs · 27 Aug 2026

Raw sugar imported under Advance Authorisation and moved to TRQ: IGST to be paid on a reassessed Bill of Entry, interest waived

Circular 37/2026-Customs lays down how an Advance Authorisation holder pays the earlier-exempted IGST at the port of import after the one-time conversion to the Tariff Rate Quota scheme, so that input tax credit can flow to GSTN.

Clarified

GST · 18 May 2026

GST refund of accumulated ITC: Annexure-B must now be filed through the portal’s offline utility

The GST portal advisory of 18 May 2026 replaces the PDF Annexure-B with a standard Excel offline utility for refunds of accumulated input tax credit — exports and SEZ supplies without tax, inverted tax structure, and export of electricity. Invoices are reported HSN/SAC-wise and checked against GSTR-2B.

Action needed

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