"The author is a retired Superintendent of Customs having taken voluntary retirement. He is presently running his consutancy in Customs, GST, EPR of PWM and EWM Rules under his proprietorship concern M/s Innovative Tax Consultants. "
Explore the legal debate over Rule 86A of the CGST Rules on ITC blocking. Conflicting judgments from Delhi and Madras High Courts create confusion for taxpayers.
Explore the roles, duties, and penalties of Customs Brokers under Customs Brokers Licensing Regulations (CBLR), ensuring compliance with customs laws and safeguarding interests.
Examining the inconsistency in limitation provisions under the CGST Act and its severe implications on taxpayers and departmental officers, including a tragic case.
Budget 2024 removes indexation benefits for long-term capital gains on immovable properties, reducing tax rate but increasing the overall tax burden.
The penal provisions relating to the imposition of penalty under the GST laws are neither novelty nor something strange or extraordinary. There is hardly any dispute or legal challenge to such provisions.
The GST Amnesty Scheme in Budget 2024 offers relief for taxpayers by waiving interest and penalties for disputes under Section 73 of the CGST Act from July 2017 to March 2020.
Simplified summary of the Direct Taxes Vivad Se Vishwas Scheme 2024 presented in Budget 2024 for settling income tax disputes efficiently.
Budget 2024 introduces new sub-sections in Section 16 of CGST Act to regularize Input Tax Credit claims past the deadline, aiding taxpayers with late returns and restored registrations.
Discover the implications of inserting Section 74A in the CGST Act, its comparison with Sections 73 & 74, and its impact on taxpayers in the Finance Budget 2024.
