Donor-directed corpus contributions retain capital character despite exemption claims under section 10(23C)(vi), preventing their treatment as taxable...
Enhanced tax-audit threshold applies where banking records establish compliant non-cash receipts and payments, eliminating penalty exposure for audit ...
Transfer pricing consistency protects identical non-interest-bearing debenture terms from a later notional-interest adjustment without valid statutory...
Rectification of debatable deduction claims cannot reverse scrutiny-approved co-operative society interest income deductions as apparent record errors...
The public notice issued by the Office of the Commissioner of Customs, Tuticorin, provides special measures to facilitate the liquidation and rectification of errors related to pending Integrated Goods and Services Tax (IGST) refunds on shipping bills. It informs exporters and stakeholders about various error codes (SB001, SB002, SB003, SB004, SB005, and SB006) that have resulted in IGST refunds being pending since July 2017 due to validation issues with data from the Goods and Services Tax Network (GSTN). The notice outlines the procedures and documents required for rectifying specific error codes, such as SB002 (EGM Error), SB006 (Gateway EGM Error), SB005 (Invalid invoice number), and PFMS Validation Errors (Bank Account Details). An IGST Refund Drive is being conducted from July 1, 2024, to July 15, 2024, to prioritize the processing of validated shipping bills where refunds have not been disbursed.
The public notice issued by the Office of the Commissioner of Customs, Tuticorin, provides special measures to facilitate the liquidation and rectification of errors related to pending Integrated Goods and Services Tax (IGST) refunds on shipping bills. It informs exporters and stakeholders about various error codes (SB001, SB002, SB003, SB004, SB005, and SB006) that have resulted in IGST refunds being pending since July 2017 due to validation issues with data from the Goods and Services Tax Network (GSTN). The notice outlines the procedures and documents required for rectifying specific error codes, such as SB002 (EGM Error), SB006 (Gateway EGM Error), SB005 (Invalid invoice number), and PFMS Validation Errors (Bank Account Details). An IGST Refund Drive is being conducted from July 1, 2024, to July 15, 2024, to prioritize the processing of validated shipping bills where refunds have not been disbursed.
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