Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
Constitutional judicial review permits challenges to ECIRs and connected money-laundering proceedings where coercive action affects fundamental intere...
The WBGST Act amendment provides a waiver scheme for interest and penalties on tax demands for FY 2017-18 to 2019-20. Taxpayers must pay the full tax amount by March 31, 2025 to qualify. For cases where ITC was denied solely due to Section 16(4) violations but now allowed under retrospectively inserted Sections 16(5) and 16(6), taxpayers may deduct such amounts from their payment. Applications must be filed in Form GST SPL-01 or SPL-02 depending on case status. The proper officer must issue an order within prescribed time limits or the application is deemed approved. No appeal lies against approval orders, though rejection orders can be appealed. The scheme covers IGST and Compensation Cess but excludes import IGST under Customs Act.
The WBGST Act amendment provides a waiver scheme for interest and penalties on tax demands for FY 2017-18 to 2019-20. Taxpayers must pay the full tax amount by March 31, 2025 to qualify. For cases where ITC was denied solely due to Section 16(4) violations but now allowed under retrospectively inserted Sections 16(5) and 16(6), taxpayers may deduct such amounts from their payment. Applications must be filed in Form GST SPL-01 or SPL-02 depending on case status. The proper officer must issue an order within prescribed time limits or the application is deemed approved. No appeal lies against approval orders, though rejection orders can be appealed. The scheme covers IGST and Compensation Cess but excludes import IGST under Customs Act.
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