The Supreme Court upheld that mere excess stock found during inspection is insufficient for confiscation under Section 130. Tax must be assessed through Section 35(6) read with Sections 73 or 74, ...
The High Court held that Sections 73 and 74 no longer apply from FY 2024–25 and set aside an order passed under Section 73. The order was directed to be treated as a notice under Section ...
The changes aim to omit the requirement of establishing the discount in terms of an agreement entered into before or at the ...
Highlighting a recurring pattern in GST litigation and audits, the financial expert pointed out that notifications cannot be ...
The Ministry of Finance has issued additional explanations and answers to common queries (FAQ) regarding the recently implemented section 128A concerning the GST Amnesty Scheme. This provision is ...
23hOpinion
Managing the small things
Swami Vivekananda once said if you really want to judge the character of a man, “Watch a man do his most common actions; ...
PRAYAGRAJ: Expressing concern over harassment of dealers in the garb of the GST Act, Allahabad high court has ruled that when the actual movement of goods has been proved by the assessee and the same ...
The Goods and Services Tax (GST) framework has robust enforcement mechanisms, one of the most impactful being the provisional freezing of bank accounts during investigations relating to suspected tax ...
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