Charitable registration turns on predominant purpose and genuine activities, while incidental fees and related-party rent require supporting adverse m...
MAT book-profit adjustments exclude disallowances for exempt-income expenditure and demerger expenditure unless expressly listed under the statutory c...
Omitted specified domestic transaction provision invalidates related-party expenditure transfer-pricing references and assessments based on consequent...
The GoK Commercial Taxes Dept clarified the late fee applicability for delayed FORM GSTR-9C submission. For annual returns where reconciliation statement (FORM GSTR-9C) is mandatory, late fee under KGST Act Section 47 will be leviable for the entire period from the original due date until complete annual return submission. Late fee is calculated comprehensively for both FORM GSTR-9 and FORM GSTR-9C, not separately. Additionally, a waiver notification exists for delayed filings up to FY 2022-23 if FORM GSTR-9C is submitted by 31st March 2025, with no refunds for previously paid late fees.
The GoK Commercial Taxes Dept clarified the late fee applicability for delayed FORM GSTR-9C submission. For annual returns where reconciliation statement (FORM GSTR-9C) is mandatory, late fee under KGST Act Section 47 will be leviable for the entire period from the original due date until complete annual return submission. Late fee is calculated comprehensively for both FORM GSTR-9 and FORM GSTR-9C, not separately. Additionally, a waiver notification exists for delayed filings up to FY 2022-23 if FORM GSTR-9C is submitted by 31st March 2025, with no refunds for previously paid late fees.
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