Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
Taxpayers can file applications for waiver of interest or penalty u/s 128A of CGST Act for demands related to erroneous refunds, transitional credits, and tax periods from 2017-18 to 2019-20. Applications must be filed after full payment of tax demanded, excluding amounts not payable due to retrospective amendments. Proper officers will examine applications, issue notices for rejection with opportunity for hearing. Orders accepting or rejecting waiver will be issued, with appeal remedies available against rejection orders. Detailed procedures, timelines, forms, and clarifications on various scenarios are provided for smooth implementation of the waiver scheme.
Taxpayers can file applications for waiver of interest or penalty u/s 128A of CGST Act for demands related to erroneous refunds, transitional credits, and tax periods from 2017-18 to 2019-20. Applications must be filed after full payment of tax demanded, excluding amounts not payable due to retrospective amendments. Proper officers will examine applications, issue notices for rejection with opportunity for hearing. Orders accepting or rejecting waiver will be issued, with appeal remedies available against rejection orders. Detailed procedures, timelines, forms, and clarifications on various scenarios are provided for smooth implementation of the waiver scheme.
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