Final benami adjudication bars contradictory tax-evasion prosecution where settlement findings confirm full disclosure and cooperation without conceal...
Faceless assessment and registration procedures are updated through electronic communication, revised recovery rules, extended deadlines, and replacem...
Risk-based selective vessel boarding requires accurate declarations and preserves master and agent liability where physical inspections are not select...
Input tax credit recorded under incorrect CGST and SGST heads in GSTR-3B, despite corresponding IGST credit appearing in GSTR-2A, remained subject to reversal. Eligible IGST-related credit was allowed after record verification, but the remaining CGST and SGST credit was not supported by new facts or records justifying interference. Precedents cited for the taxpayer were inapplicable because of differing factual circumstances. The Tribunal sustained reversal of the disputed credit, together with consequential interest and penalty, and confirmed dismissal of the appeal.
Input tax credit recorded under incorrect CGST and SGST heads in GSTR-3B, despite corresponding IGST credit appearing in GSTR-2A, remained subject to reversal. Eligible IGST-related credit was allowed after record verification, but the remaining CGST and SGST credit was not supported by new facts or records justifying interference. Precedents cited for the taxpayer were inapplicable because of differing factual circumstances. The Tribunal sustained reversal of the disputed credit, together with consequential interest and penalty, and confirmed dismissal of the appeal.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4881 
