Foreign portfolio investment liberalisation extends listed equity access to all individual persons resident outside India, subject to limit monitoring...
Liability of tax arising on account of inadvertent error - mismatch between the petitioner's GSTR 1 and GSTR 3B returns The High Court noted the certificates from purchasers, confirming exclusion of duplicate invoices while availing ITC, which reflected in their GSTR 2A returns. The Court concluded that the matter required reconsideration to ascertain if purchasers indeed did not avail excess input tax credit based on duplicate invoices. - The impugned order disregarded the petitioner's explanation, citing failure to amend the GSTR 1 statement by the prescribed deadline. The Court observed that the matter required reconsideration in light of documents submitted by the petitioner, indicating the need to ascertain if purchasers indeed did not avail excess input tax credit based on duplicate invoices.
Liability of tax arising on account of inadvertent error - mismatch between the petitioner's GSTR 1 and GSTR 3B returns The High Court noted the certificates from purchasers, confirming exclusion of duplicate invoices while availing ITC, which reflected in their GSTR 2A returns. The Court concluded that the matter required reconsideration to ascertain if purchasers indeed did not avail excess input tax credit based on duplicate invoices. - The impugned order disregarded the petitioner's explanation, citing failure to amend the GSTR 1 statement by the prescribed deadline. The Court observed that the matter required reconsideration in light of documents submitted by the petitioner, indicating the need to ascertain if purchasers indeed did not avail excess input tax credit based on duplicate invoices.
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