Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
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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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