No ITC Reversal of GST by customer unless Revenue cannot recover dues from supplier post proceedings against him.
๐๐๐ง ๐ ๐ฐ๐ซ๐ข๐ญ ๐ฉ๐๐ญ๐ข๐ญ๐ข๐จ๐ง ๐๐ ๐๐ข๐ฅ๐๐ ๐๐ ๐๐ข๐ง๐ฌ๐ญ ๐ญ๐ก๐ ๐จ๐ซ๐๐๐ซ ๐จ๐ ๐ญ๐ก๐ ๐๐๐๐?
๐๐ง๐๐จ๐ฆ๐ ๐จ๐๐๐๐ซ๐๐ ๐ญ๐จ ๐ญ๐๐ฑ ๐ฌ๐ฎ๐ซ๐ซ๐๐ง๐๐๐ซ๐๐ ๐๐ฎ๐ซ๐ข๐ง๐ ๐ญ๐ก๐ ๐ฌ๐๐๐ซ๐๐ก & ๐ฌ๐๐ข๐ณ๐ฎ๐ซ๐ ๐จ๐ฉ๐๐ซ๐๐ญ๐ข๐จ๐ง ๐๐ฒ ๐๐ฑ๐ฉ๐ฅ๐๐ข๐ง๐ข๐ง๐ ๐ญ๐ก๐ ๐ฌ๐จ๐ฎ๐ซ๐๐ ๐จ๐ ๐ข๐ง๐๐จ๐ฆ๐ ๐๐๐ง๐ง๐จ๐ญ ๐๐ ๐ฌ๐ฎ๐๐ฃ๐๐๐ญ ๐ญ๐จ ๐ฌ๐ฉ๐๐๐ข๐๐ฅ ๐ซ๐๐ญ๏ฟฝ๏ฟฝ ๐จ๐ ๐ญ๐๐ฑ ๐ฎ๐ง๐๐๐ซ ๐ฌ๐๐๐ญ๐ข๐จ๐ง 115๐๐๐ ๐จ๐ ๐ญ๐ก๐ ๐๐ง๐๐จ๐ฆ๐-๐ญ๐๐ฑ ๐๐๐ญ
Non-Registration of Gift Deed canโt be considered to be Sham Transaction as Assessee was in Full Possession of Property Sold by a Registered Sale Deed.
Will the taxpayer be entitled to refund under Inverted Duty Structure when tax on input erroneously charged by the Supplier at a higher rate and the buyer charged it at actual lower rate?
Non-issuance of the summary Notices electronically in FORM GST DRC-01 & order in FORM GST DRC-07 on the portal is in clear violation of the explicit provisions of CGST Rules.
Merely because capital gains were not deposited in the capital gains account scheme, exemption U/S 54 cannot be denied, if other conditions are fulfilled: ITAT Delhi
Composite contracts cannot be divided in order to subject a part of the contract to a higher rate of TDS.