Threshold exemption excludes exempt services, while stamp-paper purchases avoid reverse charge; consequential service tax penalties were also set asid...
Employee conflict disclosures and investment restrictions expand with new recusal duties, post-employment limits, and compliance reporting requirement...
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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