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During the seven years of GST implementation, taxpayers have encountered various challenges due to genuine interpretational issues and ambiguities in the GST provisions, leading to non-payment or short payment of taxes. Taxpayers frequently approached the GST Council seeking relief, which resulted in the Department issuing circulars to regularise the past practices followed by taxpayers.
CAG has flagged financial losses to the Indian Railways to the tune of Rs. 2604.40 crore in 33 case studies of non-recovery of loans and GST, improper decision to generate non-fare revenues, ineligible grant of concession, and unfruitful expenditures.
In a bid to check unnecessary pressure on GST payers against early recovery of dues, the Central Board of Indirect Taxes and Customs (CBIC) has put in place guidelines mandating senior officers to initiate recovery action quickly only in rare cases and that too after clearly stating the reasons.
The Goods and Services Tax (GST) Council has extended the deadline for tax officials to demand and recover tax dues…
Where Assessing Officer recovered assessed tax due just after a day of dismissal of appeal though there was a further appeal provided to be filed before Tribunal which is to be constituted, such an action is taken by AO is Constitutional ?
The Hon’ble Allahabad High Court in Ravinder Nath Sharma v. Union of India granted the bail to the assessee on some conditions and held that the arrest was made without justifiable reasons and no GST recovery notice was issued.