Revenue neutrality in domestic related-party loans can require deletion of interest transfer pricing adjustments after domestic-transaction verificati...
Pre-enactment land-sale agreements escape stamp-duty value substitution where substantial banking-channel consideration was received before Section 43...
The petitioner failed to amend the invoice and e-way bill to reflect the actual goods loaded on the vehicle, resulting in discrepancies in GST documentation. The High Court upheld the levy of penalty u/s 129(3) of the TNGST Act, 2017, amounting to 200% of the tax payable, due to the irregularity committed by the petitioner. The petitioner was unable to substantiate their case with records before the respondents. The Writ Petition was dismissed, but the petitioner was granted liberty to file a Statutory Appeal before the Appellate Authority u/s 107 of the TNGST Act, 2017.
The petitioner failed to amend the invoice and e-way bill to reflect the actual goods loaded on the vehicle, resulting in discrepancies in GST documentation. The High Court upheld the levy of penalty u/s 129(3) of the TNGST Act, 2017, amounting to 200% of the tax payable, due to the irregularity committed by the petitioner. The petitioner was unable to substantiate their case with records before the respondents. The Writ Petition was dismissed, but the petitioner was granted liberty to file a Statutory Appeal before the Appellate Authority u/s 107 of the TNGST Act, 2017.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4803
Join Channel
TaxTMI 
