Provisions of Section 16 and Rule 37 governs implications to recipient who has availed ITC but has failed to pay to supplier, the payment towards value of supply and tax thereon within prescribed time period.
Introduction – In any tax administration, power of Inspection, Search and Seizure are essential to protect the interest of the revenue. Such provisions not only protect the interest of the revenue, but also protect the interest of the genuine taxpayers. Department is expected to use these powers effectively to catch tax evaders, who take undue […]
GST was introduced to ease compliance burden and promote ease of doing business. Many processes like registration, return filling, notices, etc were made online to fulfil this purpose. Also, strict timelines were fixed on tax officers for completing various processes and tasks. This was a welcome change in Indirect tax system of our country and […]
One of the key feature of GST is concurrent jurisdiction for levy & collection of GST by the Centre & the States. Only ‘proper officer’ has been empowered under GST law to execute and administer compliance of various sections and rules under GST law, to protect the revenue and to exercise rights relating to enforcement […]
