We provide the following services: 1. Advisory, Consultancy and Litigation related services - GST and Customs 2. Assistance in Department Audit 3. Startup Consultancy 4. Special Value Branch Proceedings 5. Assistance in Trade facilitation and Authorized Economic Operator (AEO) Programme 6. Health check and review of compliance under customs and other allied law 7. Product classification under the Harmonized System of Nomenclature (HSN) 8. Reply to Notices and Departmental Hearings 9. Summon under GST and Customs 10.Special Economic Zones / Free Trade Warehousing Zones and their impact on procurement strategy and supply chain 11. Private Bonded Warehouse 12. Foreign Trade Policy and Procedures 13. Customs valuation and Assistance in the investigation of related party transactions by the Special Valuation Branch (SVB) 14. Due Diligence 15. Search and Seizures 16. Strategy for GST and Customs 17. Corporate Financial Advisors 18. Diagnostic Reviews 19. SEZ Consultancy 20. Configuration of tax efficient business model 21. Impact on procurement strategy and supply chain 22. Regional /Free Trade Agreements and compliances under Rules of Origin 23. Filing of E-invoicing and E-way Bill 24. Structuring GST refunds 25. Assistance in CA Arrest and Bail proceedings 26. Other services
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Input Tax Credit entitlement restored after amnesty allows claiming credits for the cancellation period, but timing for availing remains unclear.
Revocation under the GST Amnesty Scheme 2023 allows a taxpayer whose registration was cancelled for non filing of returns to claim unutilized Input Tax Credit for the period from cancellation until restoration; the competent authority's acceptance of an amnesty application and restoration of registration enables the taxpayer to lodge ITC claims, although the judgment does not specify a deadline for availing those credits after restoration, leaving procedural time limit uncertainty. (AI Summary)
Goods and Services Tax - GST
GSTIN verification and ITC safeguards: special drive targets suspicious registrations and enables suspension, penalties and ITC blocking.
A special nationwide drive will target suspicious GSTINs identified by data analytics to detect fictitious registrations and fraudulent availing or transfer of Input Tax Credit. Authorities may suspend or cancel registrations, impose penalties for invoicing without actual supply, attach bank accounts, initiate recovery for wrongly availed ITC, block recipient ITC ledgers where fraud is reasonably believed, and pursue criminal arrest where statutory thresholds are met. Suppliers and recipients must maintain books, cooperate with investigations, may obtain copies of seized documents within thirty days, and recipients must reverse ITC on discovery of fraudulent vendors. (AI Summary)
Goods and Services Tax - GST
Burden of proof for input tax credit: strengthened documentation expectations may lead to stricter scrutiny under GST regime.
The primary legal issue concerns the burden of proof for claiming input tax credit: purchasers must prove genuineness and actual receipt of goods or services with corroborative materials beyond invoices and payments. The Apex Court's KVAT guidance identified objective indicia-seller details, transport and delivery records, payment routing, acknowledgments, and invoices-as necessary evidence. Under GST, similar evidentiary expectations interact with Section 16 conditions and electronic reporting, prompting tax authorities to seek additional documents; recipients should implement proactive documentation and reconciliation procedures to preserve entitlement. (AI Summary)
Goods and Services Tax - GST
Deemed supply between related parties: corporate guarantees without consideration attract GST under Schedule I, requiring tax compliance.
Under the service tax regime guarantees required receipt of consideration to be taxable, and in the cited decision guarantees to group companies lacked such consideration. Under GST, Schedule I and the CGST definition of related persons create a deemed supply so that corporate guarantees provided by directors, holding companies or subsidiaries are taxable even without consideration; valuation rules and deemed consideration provisions then determine the tax base, with implications for reverse charge, timing, and input tax credit. (AI Summary)
Goods and Services Tax - GST
TaxTMI 
TaxTMI 
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19 Jan 2025 
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