Section 80P deduction covers Souharda credit societies, including qualifying surplus-deposit interest, subject to member KYC verification for cash dep...
Transfer-pricing benchmarking and capital-receipt principles sustained taxpayer relief, while unsupported property-advance write-offs remained disallo...
Pre-existing operational debt disputes require genuine evidence, while undirected running-account payments may be appropriated on a first-in-first-out...
Agency in CNG distribution makes outlet operators commission agents, rendering taxable Business Auxiliary Service rather than purchasing goods for res...
Page of 4790
Press 'Enter' after typing page number.
741 to 760 of 95794 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Mismatch between outward supplies and the return may support recovery of self-assessed tax only if the prescribed procedure is followed. The Court noted that the explanation to Section 75(12) does not create any additional liability beyond the mismatch already reflected under Sections 37 and 39. However, where recovery is pursued on that basis, the Proper Officer must first issue the prescribed intimation in FORM GST DRC-01B under Rule 88C and allow the registered person to pay the differential tax or explain the discrepancy. As no such intimation was issued, recovery through the garnishee notice under Section 79 was unsustainable and was set aside.
Mismatch between outward supplies and the return may support recovery of self-assessed tax only if the prescribed procedure is followed. The Court noted that the explanation to Section 75(12) does not create any additional liability beyond the mismatch already reflected under Sections 37 and 39. However, where recovery is pursued on that basis, the Proper Officer must first issue the prescribed intimation in FORM GST DRC-01B under Rule 88C and allow the registered person to pay the differential tax or explain the discrepancy. As no such intimation was issued, recovery through the garnishee notice under Section 79 was unsustainable and was set aside.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4790
Join Channel
TaxTMI 
