GST UPDATE
Desk of CA. Praveen Sharma
Series- 415
GST Updates
1- Taxpayers will get relief from recovery if they file a declaration of their intent to appeal against the order of lower authorities, even as the GST Appellate Tribunal is yet to be constituted, ruled the Bombay High Court.
2- Reversal of ITC at midnight during search and seizure can’t be voluntary payment of GST dues: Gujarat HC.
3- The GST fitment committee, consisting of central government and state government revenue officials, will review the compensation cess levy on the various commodities with a higher risk of tax evasion, like pan masala and mixed tobacco products.
4- GST audits led to detection of ?22,000 cr tax evasion, CBIC
Regards
CA. Praveen Sharma
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