Specified income of Baddi Barotiwala Nalagarh Development Authority receives conditional tax exemption, retrospectively covering its designated assess...
Specified development authority income receives retrospective tax exemption, subject to non-commercial activity, unchanged income sources, and return-...
Unified Brand India framework introduces voluntary Trust Mark certification and funding support for export branding, packaging and global promotional ...
Origin Declaration authentication governs preferential tariff claims under India-UK CETA, requiring a validated reference number before import clearan...
Separate assessment orders for different years remain valid when distinct notices and hearing opportunities prevent prejudice from combined proceeding...
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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