Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
Retrospective cancellation of GST registration - The show cause notice issued to the petitioner did not specify any cogent reason for cancellation but merely stated the non-filing of returns for six months. Moreover, it failed to indicate the date and time for the petitioner's appearance for a personal hearing. The High Court emphasized that the cancellation of GST registration, especially with retrospective effect, must be based on objective criteria and not merely because of non-filing of returns. The court modified the impugned order to cancel the registration with effect from the date the petitioner filed the application for cancellation. - However, it allowed the respondent to take appropriate steps for recovery of taxes, penalties, or interest as per the law.
Retrospective cancellation of GST registration - The show cause notice issued to the petitioner did not specify any cogent reason for cancellation but merely stated the non-filing of returns for six months. Moreover, it failed to indicate the date and time for the petitioner's appearance for a personal hearing. The High Court emphasized that the cancellation of GST registration, especially with retrospective effect, must be based on objective criteria and not merely because of non-filing of returns. The court modified the impugned order to cancel the registration with effect from the date the petitioner filed the application for cancellation. - However, it allowed the respondent to take appropriate steps for recovery of taxes, penalties, or interest as per the law.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
