Business expenditure and depreciation rules allow operational outgoings while limiting disallowances for personal elements and unsupported third-party...
Compromise-and-arrangement extensions may accommodate debt assignment where creditor commercial judgment supports value maximisation and avoids proced...
Delayed-payment surcharge is not taxable tolerance consideration where it penalises default, while meter testing follows electricity distribution trea...
Sufficient cause for delayed revenue income-tax appeals requires bona fides, due diligence and a credible explanation; otherwise limitation bars appea...
Inverted-duty-structure refunds remain available for unchanged-rate apparel supplies despite trader status and require tax-period-specific computation...
Post-determination recovery of determined GST dues may include blocking, including negative blocking, of the electronic credit ledger. The interim protection against recovery restricts only debit of credit already lying in the ledger towards recovery; it does not invalidate or suspend a prior ledger-blocking order. Recovery powers extend to prescribed modes involving money or goods under the proper officer's control, third-party recovery, distraint and sale of assets, and assistance from revenue authorities. Rule 86A governs provisional pre-determination blocking and does not limit post-determination recovery action. Electronic credit ledger blocking therefore remains permissible, subject to the protection against debit of available credit during the interim stay.
Post-determination recovery of determined GST dues may include blocking, including negative blocking, of the electronic credit ledger. The interim protection against recovery restricts only debit of credit already lying in the ledger towards recovery; it does not invalidate or suspend a prior ledger-blocking order. Recovery powers extend to prescribed modes involving money or goods under the proper officer's control, third-party recovery, distraint and sale of assets, and assistance from revenue authorities. Rule 86A governs provisional pre-determination blocking and does not limit post-determination recovery action. Electronic credit ledger blocking therefore remains permissible, subject to the protection against debit of available credit during the interim stay.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4886 
