CAAR Mumbai rules Vessel Kashi must file Bill of Entry, pay Customs duties, and qualifies as ‘supply’ for IGST under Customs Tariff Act, 1975.
Background: In the recent past, multiple initiatives are taken by the Government in consultation with the GSTN to streamline the GST return filing. The auto-population of details in GSTR-3B which is earlier loaded in GSTR-1 is one such classic example. As on date, the auto-populated figures in the GSTR-3B are editable by the taxpayers. This […]
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When an assessee voluntarily discloses income and the assessment is based on this disclosure without any changes, imposing a penalty under Section 271(1)(c) is unjustified.
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