DGGI, Hyderabad Zonal Unit, detect and recover Rs. 79.66 crore of ITC availed by a finance and infrastructure development agency
Mere non reflection of ITC in GSTR 2A cannot be the reason for denial of otherwise valid ITC of the taxpayers.
“Such kind of lethargy on part of the revenue department with so much computerization having been achieved is no more acceptable” – SLP Filed by Department dismissed by SC
Discount by newspaper to vendors and advertising agencies is not ‘commission’ and not liable for TDS u/s 194H
Rewards to the informers and Government Servants in respect of cases of seizures made and/or infringements/evasion of duty or tax in CGST
CGST Zones and DG – Intelligence booked about 8000 cases involving fake ITC of over Rs. 35000 crore in FY 2020-21
It is important to further streamline our procedures and ensure that the processes are glitch-free and facilitate exports: CBIC Chariman
An Excellent representation on procedural issues in GST registration by Bombay Chartered Accountant’s Society (BCAS)
Scheme guidelines and rates for the new Scheme for Remission of Duties and Taxes and Exported Products have been notified.