Latest update 05.11.2024
A. Portal Update
Time Limit for Reporting e-Invoice on the IRP Portal – Lowering of Threshold to AATO 10 Crores and Above
Time limit of 30 days for reporting e-Invoices on IRP portals for taxpayers with an AATO of 100 crores and above was implemented, the threshold has now been lowered to cover taxpayers with an AATO of 10 crores and above.
Advisory for Form GST DRC-03A
Commercial tax official arrested for accepting bribe
Shekhar P Patil reportedly demanded Rs 80,000 from a Mahadevapura resident to “reduce the pending commercial tax amount”.
B. Article
Provisional Attachment under Section 83 valid when prima facie view arises that attachment is necessary to protect revenue interest
by CA Bimal Jain
The Hon’ble Delhi High Court in the case of JV Creatives (P.) Ltd. dismissed the writ petition filed against the order of provisional attachment passed under Section 83 of the CGST Act wherein the Commissioner prima facie opined that passing of order was necessary to protect revenue interest in case where the Hon’ble High Court was of the view that there is nexus between the supplier and recipient in case wherein it has been alleged that the supplier was non-existent and the invoice has been issued without the supply of goods.
C. Tax in Media
Tax fraud: Rs.25,000 GST evasion by 18,000 bogus companies uncovered
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