TAXO

17/06/2026

🍕 Can You Claim GST Credit on a Pizza Party? 🤔

Sounds simple, but the GST answer may surprise you!

If the pizza party is organized for employee welfare, recreation, or personal consumption, the ITC may be blocked under GST provisions.

But that's not always the case. 👀

Ask any GST Query for Free on www.taxobuddy.ai

Link in Bio

15/06/2026

🚨 Claiming GST ITC on a car purchase? Stop before you do!

Most businesses get this wrong. Section 17(5) blocks ITC on motor vehicles except in specific cases.

Watch till the end to avoid a costly GST mistake. 👇

12/06/2026

🚨 This One GST Mistake Can Cost You 3 Times!

Most businesses focus on claiming ITC.

But very few know that if payment to a supplier isn't made within the prescribed time, GST can hit you with a triple impact:

❌ ITC Reversal
❌ Interest Liability
❌ Compliance Headaches

And the worst part?

Many taxpayers discover this only when they receive a notice or face an audit.

If you're a business owner, accountant, finance professional, or CA, this is one GST rule you simply cannot afford to ignore.

Watch till the end and make sure this mistake isn't costing your business money.

12/06/2026

🚨 This One GST Mistake Can Cost You 3 Times!

Most businesses focus on claiming ITC.

But very few know that if payment to a supplier isn't made within the prescribed time, GST can hit you with a triple impact:

❌ ITC Reversal
❌ Interest Liability
❌ Compliance Headaches

And the worst part?

Many taxpayers discover this only when they receive a notice or face an audit.

If you're a business owner, accountant, finance professional, or CA, this is one GST rule you simply cannot afford to ignore.

Watch till the end and make sure this mistake isn't costing your business money.

Visit:
www.taxocredit.com

12/06/2026

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09/06/2026

Judgement of the day

Once a High Court issues a positive direction to grant a GST refund, the Department cannot ordinarily revisit the merits of the refund claim: Orissa High Court

Read More:
https://taxo.online/latest-news/once-a-high-court-issues-a-positive-direction-to-grant-a-gst-refund-the-department-cannot-ordinarily-revisit-the-merits-of-the-refund-claim-orissa-high-court/

Facts of the case: In this case, the petitioner had filed a refund application under Section 54(3) of the CGST Act, 2017 seeking refund for the period April 2020 to March 2022. Since the refund application remained undecided for a prolonged period, the petitioner approached the Delhi High Court. By....

06/06/2026

Daily News & Updates

Centralized procurement services provided by a foreign group entity are not automatically classifiable as intermediary services: GSTAT, New Delhi

Read More:
https://taxo.online/latest-news/centralized-procurement-services-provided-by-a-foreign-group-entity-are-not-automatically-classifiable-as-intermediary-services-gstat-new-delhi/

Facts of the Case: In this case, the petitioner M/s Dow Chemical International Private Limited, an Indian company engaged in the manufacture and distribution of chemical products, entered into a Procurement Agreement dated 01.07.2021 with its group entity, Dow Europe GmbH, Switzerland, which functio...

04/06/2026

Judgement of the day!!

Adjudicating authority cannot deny the reduced penalty mechanism merely because DRC-01A was not issued: Allahabad High Court

Read More:
https://taxo.online/latest-news/adjudicating-authority-cannot-deny-the-reduced-penalty-mechanism-merely-because-drc-01a-was-not-issued-allahabad-high-court/

Facts of the Case: In this case, the petitioner challenged the adjudication order and the consequential Form GST DRC-07 issued for Financial Year 2019-20. The dispute did not relate to the merits of the tax demand but was confined to the petitioner’s claim that it had been denied the statutory ben...

03/06/2026

Judgement of the day

Classification under the GST Tariff must be based on the product's essential character, nature, description, and specific tariff entry, rather than merely on the material from which it is manufactured: AAR, West Bengal

Read More:
https://sl1nk.com/04fepzc