Our bank account is attached by the GST officer. How do I manage my operations now
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....ur bank account is attached by the GST officer. How do I manage my operations now<br>By: - Pradeep Reddy<br>Goods and Services Tax - GST<br>Dated:- 28-12-2024<br><br>Our bank account is attached by the GST officer. How do I manage my operations now🤔 💡 𝐇𝐞𝐫𝐞'𝐬 𝐰𝐡𝐚𝐭 𝐲𝐨𝐮 𝐧Ү....
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....38;𝐞𝐝 𝐭𝐨 𝐤𝐧𝐨𝐰 𝐚𝐛𝐨𝐮𝐭 𝐆𝐒𝐓 𝐩𝐫𝐨𝐯𝐢𝐬𝐢𝐨𝐧𝐚𝐥 𝐚𝐭𝐭𝐚𝐜𝐡𝐦𝐞𝐧𝐭𝐬--𝐚𝐧𝐝 𝐡𝐨&....
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....#119856; 𝐭𝐨 𝐧𝐚𝐯𝐢𝐠𝐚𝐭𝐞 𝐭𝐡𝐞𝐦 𝐞𝐟𝐟𝐞𝐜𝐭𝐢𝐯𝐞𝐥𝐲: 𝐖𝐡𝐚𝐭 𝐄𝐯𝐞𝐫𝐲 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 ....
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....9820;𝐮𝐬𝐭 𝐊𝐧𝐨𝐰 𝐀𝐛𝐨𝐮𝐭 𝐆𝐒𝐓 𝐎𝐟𝐟𝐢𝐜𝐞𝐫 𝐏𝐨𝐰𝐞𝐫𝐬 𝐀. 𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟖𝟑 Provisional attachments are intended to s....
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....afeguard revenue during inspections, audits, or investigations. But remember--they lapse automatically after one year unless renewed. 𝐁. 𝐑𝐮𝐥𝐞 𝟏𝟓𝟗 It empowers taxpayers to file objections and request account releases. 𝐂. 𝐆𝐒𝐓 𝐂𝐢𝐫𝐜𝐮𝐥𝐚𝐫 (....
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....20782;𝟐.𝟎𝟗.𝟐𝟎𝟐𝟑) Confirms that attachments automatically cease after a year unless extended. Authorities must notify banks and taxpayers of releases via Form GST DRC-22. 𝐆𝐫𝐨𝐮𝐧𝐝 𝐑𝐞𝐚𝐥𝐢𝐭𝐲: 🔗 𝐃𝐞𝐥𝐚w....
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....858;𝐞𝐝 𝐓𝐢𝐦𝐞𝐥𝐢𝐧𝐞𝐬: Attachments often extend beyond one year due to procedural inefficiencies. 🔗 𝐋𝐢𝐦𝐢𝐭𝐞𝐝 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧: Taxpayers and banks may....
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.... not receive timely updates on attachment status. 🔗 𝐅𝐚𝐢𝐫 𝐏𝐫𝐨𝐜𝐞𝐬𝐬 𝐂𝐨𝐧𝐜𝐞𝐫𝐧𝐬: Many cases lack prior hearings, causing undue hardships for businesses. 🔗 𝐉𝐮𝐝𝐢𝐜𝐢𝐚𝐥 ⻍....
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....1;𝐞𝐩𝐞𝐧𝐝𝐞𝐧𝐜𝐞: Taxpayers often need court intervention to resolve procedural lapses. 𝐏𝐫𝐚𝐜𝐭𝐢𝐜𝐚𝐥 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 1️⃣ 𝐂𝐡𝐚𝐥𝐥𝐞⻐....
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....7;𝐠𝐞 𝐌𝐢𝐬𝐮𝐬𝐞 File objections using Form GST DRC-22A. Refer to cases like: Patran Steel Rolling Mill (SC): Attachments must be proportionate and justified. MRM Construction (Madras HC): Taxpayers deserve fair hearings. 2️⃣ Engage Constructively Present your case effectively. In the case of Seema Gupta & Vaibhav Singhal D....
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....elhi HC held that Bank Accounts must be unfrozen unless renewed. 3️⃣ Monitor Deadlines Ensure compliance with the one-year limit as ruled by Telangana HC in Aarush Enterprises case: Attachments lapse automatically after a year. RHC Global Exports (SC): Renewals without proper authority are invalid.<br> Scholarly articles for knowledge sharing by authors, experts, professionals ....