Bona fide disclosure requirements govern under-reporting penalties, and post-penalty immunity applications cannot secure available statutory protectio...
Certificate-of-origin verification procedure governs preferential customs benefits; denial without retroactive verification was set aside with consequ...
Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
Retention of seized property survives where recorded reasons support proceeds of crime, while stayed investigation periods are excluded from limitatio...
Excess input tax credit claimed in GSTR-3B beyond the credit reflected in GSTR-2A and GSTR-2B was treated as warranting restriction of credit, statutory interest, penalty and invocation of the extended period under Section 74. The notes state that payment of the admitted tax liability without interest and penalty did not preclude these consequences. For the turnover discrepancy between GSTR-9 and GSTR-9C, an explanation based on VAT and Karnataka GST sales required supporting particulars and returns. That limited mismatch issue was remitted for fresh determination upon submission of a proper reply and supporting documents, while the assessment concerning excess credit was sustained.
Excess input tax credit claimed in GSTR-3B beyond the credit reflected in GSTR-2A and GSTR-2B was treated as warranting restriction of credit, statutory interest, penalty and invocation of the extended period under Section 74. The notes state that payment of the admitted tax liability without interest and penalty did not preclude these consequences. For the turnover discrepancy between GSTR-9 and GSTR-9C, an explanation based on VAT and Karnataka GST sales required supporting particulars and returns. That limited mismatch issue was remitted for fresh determination upon submission of a proper reply and supporting documents, while the assessment concerning excess credit was sustained.
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