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 user interface of the “Bank Accounts” section on the GST portal has been updated by GSTN for improved visibility and clarity. CBIC released an advisory concerning the reporting of supplies to unregistered GST dealers in GSTR-1 and GSTR-5 forms. GSTN has added IDFC First and Bandhan ...
In case of fraud (Section 74), a penalty of 100% of the tax due or Rs 10,000 whichever is higher will apply In case of no fraud, a penalty of 10% of the tax due or Rs 10,000 whichever is higher will apply GST rate “}”>Penalty for wrongfully charging a higher GST rate Penal...
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...
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...
Star Health and Allied Insurance company has disclosed in its filing with the Bombay Stock Exchange (BSE) that it has received a notice from the Directorate General of GST Intelligence (DGGI) for a tax payment of ₹38.99 crore. The notice was issued under Section 74(5) of the Central Go...
State of Maharashtra [Writ Petition No. 17122 of 2024 dated December 11, 2024] disposed the writ and held that the proviso to Section 98(2) the Central Goods and Ser Posted in GST | 216 Views SCN can be issued both under Section 73 and 74 of the CGST Act Bimal Jain 18 December ...
Convention Description Creating a batch Italicized type indicates the name of a section or procedure. File >> Print or File > Print The (>>) or (>) symbol indicates a sequence of actions, such as selecting items from a menu or toolbar, or pressing buttons in a window. This example ...
(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 ...