Section 129 and 130 of the Central goods and services Act, 2017 (CGST Act) are two separate sections, the former dealing with detention, seizure and release of goods and conveyance in transit and later dealing with Confiscation of goods and conveyance and levy of penalty and it was amended by clause no 108 and 109 of Finance Act 2021 and amended section were made applicable from 01.01.2022.
Introduction On historic day of 1st July 2017, GST was introduced by pressing the bell by then President and Finance Minister, the person who plays key role even in roots of GST honorable Late Shri Pranab Mukherjee, along with the prime minister of India. The very basis of GST was to remove the cascading effect […]
INTEREST was, Interest is and it will always be charged on NET LIABILITY Section 50 of CGST Act, 2017 In this article author tries to unfold the mystery of interest as per section 50 of CGST Act, 2017 with backdrop of recent judicial, departmental and Twitterial development For the sake of brevity section 50 of […]
Practical Issues For Composition Scheme– Applicability of GSTR 10 And Applicability of Late Fees In CMP – 08 In this article author tries to clarify on the issues regarding applicability of GSTR 10 on the taxable person who opt for paying tax u/s 10 of CGST Act and also about the applicability of Late Fees […]
