The GSTN will soon enable metal scrap dealers to register for Tax Deducted at Source (TDS) under Section 51 of the GST Act. The GSTN department has issued a significant advisory regarding the automatic population of eligible input tax credit (ITC) for domestic supplies in GSTR-9/9C. Starti...
Section 74 Determination of tax not paid, CGST Act, 2017 Officers to assist proper officers, Sec 72 of CGST Act, 2017 Inspection of goods in movement, Sec 68 of CGST Act, 2017 Section 67 of CGST Act, 2017 Power of inspection, search and seizure ...
The GSTN has updated the user interface of the “Bank Accounts” section for clear visibility. see image 1st September 2024 The GST revenue in August 2024 increased by 10% from last year to INR 1,74,962 Cr. Read PDF 29th August 2024 The GSTN portal has scheduled a disaster recovery dri...
Recently, on June 22, the GST Council held the 53rd GST council meeting, and introduced a conditional waiver of interest and penalties under Section 128A, and reduced pre-deposit amounts for appeals to ease taxpayer compliance. It also extended the GSTR 4 filing deadline and introduced FORM...
Section 74 Determination of tax not paid, CGST Act, 2017 Officers to assist proper officers, Sec 72 of CGST Act, 2017 Inspection of goods in movement, Sec 68 of CGST Act, 2017 Section 67 of CGST Act, 2017 Power of inspection, search and seizure ...
Section 88B Amendment:No interest on electronic cash ledger balances on GSTR-3B due date. New Section 128A:Waiver of interest/penalties for non-fraud demand notices if paid by 31st Mar 2025. Demand Notices and Penalties: Sections 73 & 74 Changes:Unified time limit and extended penalty payment...
The focus of the section was upon the intention of the taxpayer and the “intention” must be that of the actual taxpayer. The majority also considered that s 9-5(1) requires an examination of the purpose of using a car by using ordinary communication directed to “you”. The “you” ...
Section 74 of cgst(20) Proposed amendment to section 17[5][d](18) Three personal hearings under gst law(18) Rcm on rent(17) Royalty payment and gst(16) Fraud by a customer to the banker(15) Can appellate authority issue show cause notice under section 73 or 74 as per appeal section...
Show-Cause Notice: Following the interim stay, the GST department issued a show-cause notice under Section 74(1) of the CGST Act to GamesKraft and its founders, CEOs, and CFOs. This notice sought an explanation regarding the tax evasion and penalties. Distinction between Skill and Chance: Th...
(3) Any invoice or debit note issued in pursuance of any tax payable in accordance with the provisions ofsection 74orsection 129orsection 130shall prominently contain the words “INPUT TAX CREDIT NOT ADMISSIBLE”. 7. Tax Invoice in special cases ...