Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 Opens on : 01.09.2019 Closes on : 31.12.2019 I. Applicability: Disputes, Arrears and amounts payable under Central Excise Act & Ch.V of FA,1994 (Service Tax) and other Acts as detailed in Section 122. II. Authority: a) Sections 120 to 135 of the FA, 2019. {Mentioned as Sections} b) […]
Interest liability in terms Section 50 of CGST Act/SGST Act after proposed amendment to Section 50(1) vide Finance Bill 2019 There are divergent views on rationality of charging interest on gross liability of tax even though the Tax Payer (TP) has got certain amount in his credit ledger to discharge part of his tax liability […]
Article explains Eligibility for Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 (LDRS) and amount of Tax, Interest and Penalty payable. Sl. No Situation 1 Situation 2 (to be read with Situation 1) Eligible for LDRS (Yes or No) Category % of Amount of Duty payable (See Note1 below the table) Relevant clause (s) in Finance […]
Whether Section 83 of CGST provides for provisional attachment of any property, including bank account of the taxable person during the course of Investigation i.e., before issuance of SCN /Assessment order/notice?
Recently circular issued by the Chief Commissioner of State Tax asking state officers to carry out enforcement action against the tax payers allotted to Central administration has been widely discussed in the press and in social media. I disagree with the view that such action directed by the Chief Commissioner is not correct and appears […]
Clarification vide Circular No. 42/16/2018-GST Dated 13.04.2018 regarding procedure for recovery of arrears under the existing law and reversal of inadmissible input tax credit-Certain issues
On perusal of the provisions of Section 142 of CGSTA, certain doubts have emerged which are as mentioned below for critical examination of the other members and their views. The doubts/comments are provided sub-section wise hereunder.
Government recently issued Circular No. 33/07/2018-GST dated 23.02.2018 imposing certain conditions about utilization of transitional credits for payment of GST. My article is to highlight the issues involved in the enforceability of the instructions
