https://www.taxtmi.com/circulars?id=68601 The circular clarifies that regularisation on an "as is" or "as is, where is" basis accepts payment of tax at a lower rate or nil as a full discharge of tax liability for the period regularised; taxpayers who paid a higher rate are not entitled to refunds, and the tax position declared in returns is the operative record. Where Council regularisation favours a higher rate, non-payment is not regularised and the tax will be recovered from non-payers. en-us Fri, 25 Oct 2024 00:00:00 +0530 Wed, 14 May 2025 18:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=68601 The circular clarifies that regularisation on an "as is" or "as is, where is" basis accepts payment of tax at a lower rate or nil as a full discharge of tax liability for the period regularised; taxpayers who paid a higher rate are not entitled to refunds, and the tax position declared in returns is the operative record. Where Council regularisation favours a higher rate, non-payment is not regularised and the tax will be recovered from non-payers. Circulars GST - States Fri, 25 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=68601