CENVAT credit availability after omission of Rule 12B in textiles confirmed; late addendum to SCN introducing new grounds held time-barred and invalid...
Export of Wheat Flour and related products subject to online allocation, eligibility criteria, non-transferable six-month authorisations and reporting...
Straight-line lease rental accounting change results in penalty quashed where disclosed accounts and bona fide arguable accounting interpretation exis...
Proviso to Rule 22(4) empowers an authorized officer to drop cancellation proceedings and pass Form GST REG 20 where a person served with a show cause notice under Section 29(2)(c) furnishes all pending returns and pays tax dues, interest and late fee; on compliance the officer may also consider restoration of registration and must decide in accordance with law. The period for limitation under Section 73(10) is to be computed from the date of the court order for relevant years, while the specified forthcoming financial year is to be governed by Section 44; petitioners remain liable for arrears including tax, penalty, interest and late fees.
Proviso to Rule 22(4) empowers an authorized officer to drop cancellation proceedings and pass Form GST REG 20 where a person served with a show cause notice under Section 29(2)(c) furnishes all pending returns and pays tax dues, interest and late fee; on compliance the officer may also consider restoration of registration and must decide in accordance with law. The period for limitation under Section 73(10) is to be computed from the date of the court order for relevant years, while the specified forthcoming financial year is to be governed by Section 44; petitioners remain liable for arrears including tax, penalty, interest and late fees.
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