Revision of TRAN-1 has been enabled on GSTN. On opening the TRAN-1 filed previously and scrolling till bottom, one can see the ‘Re-Open’ tab which has been added. Re-open button is given only for those users that have either submitted or filed TRAN-1 previously. The relevant instructions in regard with revision are appearing under the […]
Audit Audit denotes an examination or inspection of various books of accounts maintained by businesses. Audit under GST Laws The examination of records, returns & other documents maintained by the registered person; To verify the correctness of turnover declared, taxes paid, refund claimed & input tax credit availed; & To assess his compliance with the […]
In reply to the show-cause notice for initiation of penalty, the assessee has replied that he is a Sr. Citizen; his accounts are looked after by Accountant. The accountant of the assessee is not qualified person. The assessee was under bona fide belief that accounts are not required to be issued under section 44AB of the Act.
Those who are not PAN holders, while applying for PAN, they are required to give Aadhaar number. This is the stipulation of sub-section (1) of Section 139AA, which we have already upheld.
This Court while deciding a Reference needs to keep in mind the limitations of its role. It does not sit in appeal over the decision making process of the Disciplinary Committee and the recommendations so made by the Council of the Institute. Hence in examining the Report and the recommendation of the Council it cannot re-appreciate the evidence on record or assess the findings of the Committee as an Appellate Authority.
Attention of the Exporters, Custom Brokers and all concerned are invited to the Board Circular No. 41/2017-Customs dated 30th October, 2017 on the above mentioned subject prescribing norms for grant of Self Sealing Permission to the exporters intending for factory/warehouse stuffing of export goods.
