ITC reversal for non payment of creditors in 180 days In some of the cases the department asks the taxpayer to reverse the ITC for non payment of creditors. In many cases the aging of creditors is not available with the taxpayer. In one of
When tax is deemed to be paid? In this case the return was not filed by the taxpayer as he was facing difficulty in transitional credit.They were unable to file the July 2017 return. Now GST portal doesn’t allow you to filr the return if
Incentives paid to WTD in form of salary- Even after clarification by the CBIC via Notification No.13/2017 dated 28.06.2017 and as clarified in circular No.140/2020 the deptt passed the order against the company. The incentives given to the WTD were claimed to be chargeable to tax
