Charitable trust income application permits verified capital expenditure but rejects deferred pre-operative claims and requires reconsideration of con...
Reinsurance premium deductions require established regulatory breaches, while independently acquired software qualifies within the computer depreciati...
Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
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The CBIC clarified that late fee under section 47(2) of the CGST Act applies to delayed filing of complete annual returns under section 44, which includes both FORM GSTR-9 and GSTR-9C (where required). Late fee is calculated from the due date until the complete return is furnished. For taxpayers with aggregate turnover exceeding the threshold (5 crore post-August 2021), annual return filing is incomplete without GSTR-9C. Per Notification No. 08/2025-Central Tax, excess late fee for financial years up to FY 2022-23 is waived if GSTR-9C is filed by March 31, 2025, with no additional fee beyond what was payable up to the GSTR-9 filing date. No refunds are available for late fees already paid.
The CBIC clarified that late fee under section 47(2) of the CGST Act applies to delayed filing of complete annual returns under section 44, which includes both FORM GSTR-9 and GSTR-9C (where required). Late fee is calculated from the due date until the complete return is furnished. For taxpayers with aggregate turnover exceeding the threshold (5 crore post-August 2021), annual return filing is incomplete without GSTR-9C. Per Notification No. 08/2025-Central Tax, excess late fee for financial years up to FY 2022-23 is waived if GSTR-9C is filed by March 31, 2025, with no additional fee beyond what was payable up to the GSTR-9 filing date. No refunds are available for late fees already paid.
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