Rushil Gupta
1 day ago
Waiver of Interest & Penalty Under Section 128A
The government has officially notified Section 128A of the CGST Act, effective from 01.11.2024 , which provides a waiver of interest and...
Rushil Gupta
Aug 26
Introduction of RCM Liability/ITC Statement
To assist taxpayers in correctly reporting Reverse Charge Mechanism (RCM) transactions, a new statement called "RCM Liability/ITC...
Rushil Gupta
Jun 3
Goods cannot be detained for undervaluation: HC quashes Penalty order
Background A writ petition under Article 226 of the Constitution of India was filed by the petitioner, who was aggrieved by a GST penalty...