Dear expert please suggest about this issue. A ULIP purchase on 28-09-2014 for 10 years. Annual premium: Rs. 50,000 Total ... Read Full Issue

During scrutiny, department has alleged that ITC of ?1,39,878 (CGST Rs. 69,939 + SGST Rs. 69,939) pertaining to FY 2021-22 (March 2022) was wrongly ... Read Full Issue

The party had opted for the Composition Scheme under Section 10 of the CGST Act, 2017 by filing Form GST CMP-02 for FY 2019-20 and 2020-21 but failed ... Read Full Issue

As per section 64(1)(iv), if an individual transfers (directly or indirectly) his/her asset (other than house property) to his or her spouse ... Read Full Issue

Received SCN from GST Dept. They asked to clarify RCM liability on expenses like Freight, Power & Fuel, Salary, Labour Charges, Staff Welfare, ... Read Full Issue

During audit, CGST officers pressurized the assessee to deposit ?1,84,629 through DRC-03 for alleged excess ITC availment. Later, we verified and ... Read Full Issue

An assessee delays filing GSTR-3B, Section 47 of the GST Act already prescribes a late fee, which is paid. AO still impose a general penalty under ... Read Full Issue

The Central GST Department is issuing a single consolidated notice covering 4–5 financial years (from FY 2020–21 to FY 2024–25), ... Read Full Issue

A notice has been received requiring reversal of Input Tax Credit (ITC) allegedly claimed in violation of Section 16(4) of the GST Act for F.Y ... Read Full Issue

Whether the applicant, who is a registered dealer primarily engaged in the purchase and sale of capital goods and not providing any services as a ... Read Full Issue

A taxpayer inadvertently claimed Input Tax Credit pertaining to IGST—under the heads of CGST and SGST in GSTR-3B. The tax invoice was correctly ... Read Full Issue

The invoice of ₹1,332/- pertains to a grocery packet comprising both exempt and taxable items. The items are clearly itemized with respective ... Read Full Issue

An appeal was filed against the order of the Assistant Commissioner, SGST, with a 10% pre-deposit of the imposed tax. However, the appeal was ... Read Full Issue

During scrutiny, department has alleged that ITC of ?1,39,878 (CGST Rs. 69,939 + SGST Rs. 69,939) pertaining to FY 2021-22 (March 2022) was wrongly ... Read Full Issue

During audit, CGST officers pressurized the assessee to deposit ?1,84,629 through DRC-03 for alleged excess ITC availment. Later, we verified and ... Read Full Issue

An assessee delays filing GSTR-3B, Section 47 of the GST Act already prescribes a late fee, which is paid. AO still impose a general penalty under ... Read Full Issue

The invoice of ₹1,332/- pertains to a grocery packet comprising both exempt and taxable items. The items are clearly itemized with respective ... Read Full Issue