Preferential tariff claims under trade agreements require agreement-consistent origin checks, with safeguards against automatic denial for subsequent ...
Suppressed outward supplies require transaction-wise verification and reasoned findings before diary entries can support tax and penalty determination...
GST penalties for invoices without actual supply require collective assessment of contemporaneous records. Absence of stock at premises vacated before inspection cannot alone establish fictitious trading, while assertions of past trading do not establish genuineness. Subsequent cancellation of a supplier's registration requires verification of its status during the transactions and whether supplies were made. Books and supporting evidence must be examined, including whether the taxpayer substantiated the transactions. An ex parte penalty order is not set aside merely because the taxpayer was absent; reconsideration with an effective hearing and a reasoned order is warranted where material factual questions require further verification.
GST penalties for invoices without actual supply require collective assessment of contemporaneous records. Absence of stock at premises vacated before inspection cannot alone establish fictitious trading, while assertions of past trading do not establish genuineness. Subsequent cancellation of a supplier's registration requires verification of its status during the transactions and whether supplies were made. Books and supporting evidence must be examined, including whether the taxpayer substantiated the transactions. An ex parte penalty order is not set aside merely because the taxpayer was absent; reconsideration with an effective hearing and a reasoned order is warranted where material factual questions require further verification.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
