When the courts allowed the rectification- The scheme of GST always allowed the rectification in return. But in many cases the portal restricted it. But initial hiccups of GSTIN made it difficult. In many cases the taxpayer was not being able to rectify their mistake.
No ITC reversal- In a recent judgment the court has observed that the ITC shouldn’t be denied merely on fact that the registration of supplier is cancelled. The contentions of the petitioner were rejected entirely on the ground that the petitioner should have proved the
When registrations are cancelled by the departments- In many cases the department is cancelling the registrations of suppliers. There can be various stances when a registration can be cancelled.- When the supplier is not filing the returns When the supplier is found to be non
Table of Contents 1- Why an SCN is issued ?2- Essentials of an SCN.Don’t send a mechanical notice by copy pasting the provisions-The requirement to record reason is a part of human rights-The SCN shall reflect the jurisdictional facts based on which the final order
Table of Contents Restaurant Penalised for Overcharging GST on Packaged Drinking WaterDetails of the IncidentLegal Action TakenLegal PerspectiveConclusion Restaurant Penalised for Overcharging GST on Packaged Drinking Water The Sambalpur District Consumer Court penalised a restaurant on VSS Marg in Sambalpur for charging GST on a
ICAI Releases February 2024 Edition The Institute of Chartered Accountants of India (ICAI) has recently launched the February 2024 edition of “Compliances of GST in the Banking Sector.” This publication is intricately crafted to offer an updated understanding of GST regulations specifically tailored for banks.
Table of Contents ICAI Unveils February 2024 Edition: “Navigating GST Compliance in the Banking Sector”Inception and PurposeThorough ExaminationEmpowering MembersIntegral Component of ICAI’s StrategyConcluding Remark ICAI Unveils February 2024 Edition: “Navigating GST Compliance in the Banking Sector” The Institute of Chartered Accountants of India (ICAI) has
A recruitment consultancy, often called a staffing or employment agency, connects employers with suitable candidates for job vacancies. These consultancies play a crucial role in hiring by sourcing, screening, and presenting qualified candidates to organizations seeking to fill specific positions. They work closely with employers
Table of Contents Streamlining Norm Fixation Process: DGFT Issues Public NoticeAmendments to Para 4.14: Rule-Based Decision MakingInsertion of Sub-Para in Para 4.06: Case-Specific RecommendationsImpact of the Public Notice Streamlining Norm Fixation Process: DGFT Issues Public Notice The Directorate General of Foreign Trade (DGFT) has issued
Table of Contents Insurance Sector Challenges GST Tax DemandNavigating Co-Insurance Complexities and TaxationBroader Industry Ramifications and Regulatory Engagement Insurance Sector Challenges GST Tax Demand Amidst mounting concerns over a hefty Goods and Services Tax (GST) tax demand, insurance companies are mulling legal action to seek
