In the initial days of the GST Introduction, the Companies were already started facing the heat of multiple investigations relating to anti-profiteering, transitional credit, and e-way bills.
We are approaching the Fourth anniversary of the goods and services tax (GST) in India, the historic and much-needed tax reform which is expected to play a significant role in transforming the country’s economic landscape.
In its present form, GST is far from ideal and suffers from various imperfections, including multiple tax slabs and exemptions, cumbersome returns and compliance procedures.
Nonetheless, the government to its credit has been very proactive in trying to resolve the problems faced by taxpayers.
Despite the best efforts of the government, the imperfections in the GST law have left enough scope for litigations and disputes. Various writ petitions and advance rulings provide just a glimpse of upcoming litigations.
Hence, it becomes important to deal with the communications sent by the department with utmost care.
Show cause notice shortly called ‘SCN’ is a document served by the department on a person asking him to explain with reasons as to why
Show cause notice shortly called ‘SCN’ is a document served by the department on a person asking him to explain with reasons as to why a particular course of action should not be taken against him. It is similar to an opportunity given to a person who is proposed to be charged with a violation of law by giving him sufficient opportunity to submit his viewpoint as to why he should not be proceeded against for the alleged violation.
Show because notice is a foundation on which the Department has to build its case. Hence, show because notice is a basic and indispensable part of proceedings in the tax system.
“Summon” is a document that commands a person to whom it is served to appear before the court and to answer the complaint made against him.
It is very important to deal with the show cause notice and Summons with utmost caution and care.
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In GST Law, vide invoking the powers conferred in Section 83, the Commissioner can attach the bank accounts. After that, the assessee will not be a
In GST Law, vide invoking the powers conferred in Section 83, the Commissioner can attach the bank accounts. After that, the assessee will not be allowed to transfer his funds to any other account.
Now, in our practical experience, there is a misuse of power. Many innocent assessees are also facing the heat of the Bank Attachments.
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As per the Section 65 of CGST Act the Commissioner or any authorized officer may issue notice for audit. 15 days prior notice is r
As per the Section 65 of CGST Act the Commissioner or any authorized officer may issue notice for audit. 15 days prior notice is required to be given in Form GST ADT-01, to the registered person before commencing the GST audit. The notice contains the period of audit, date of visit by officers, documents required to be submitted for initial desk review, and seeking the information about the designated person for coordination with the department on behalf of the registered person.
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Wonderful session, very well explained and covered all the relevant provisions
Excellent Course Good Good Good Thanks for the training