Explains the legal situations where suppliers can correct excess GST through credit notes. Highlights that reduction in tax liability is conditional on timelines, ITC reversal, and absence of unjust enrichment.
The Court ruled that issuing an SCN before the pre-SCN reply period expires violates natural justice. The key takeaway is that authorities must allow the full reply window before initiating adjudication.
The issue was whether penalties under Section 122 can be initiated independently. Courts have allowed departmental action when linked to substantive proceedings, but the statutory basis remains debated.
Authorities are scrutinizing bundled fees, hostel/mess charges, transport, and uniforms. Schools must ensure ancillary services comply with GST rules to avoid liability while core education remains exempt.
Learn how the Income Tax Department handles high cash deposits, what notices to expect, and step-by-step strategies to respond with proper accounting and documentation to avoid reassessment issues.
Understand the meaning of a 143(2) notice, why your return may be selected for scrutiny, and the steps required for a faceless assessment. Learn how proper documentation and timely response reduce compliance risks.
Understand how credit card transactions are tracked, when high spending can trigger notices, and how proper ITR filing protects you.
The piece explains the root causes of employee alienation and its impact on productivity. It highlights leadership, empowerment, and inspiration as practical remedies.
This article explains how the new Section 74A consolidates GST penalty proceedings and standardises timelines for both fraud and non-fraud cases.
This article explains how misclassifying making charges as goods leads to GST short payment and highlights the correct legal treatment under GST.
