Year of Issuance of Invoice under RCM against Supplies by Unregistered Supplier is the relevant Financial Year for Availment of ITC, clarifies GST Council
The Goods and Services Tax ( GST ) Council met for the 53rd time recently and one of the major clarifications issued by the council pertains to that...
![CBIC replaces Form GST REG-08; Notifies CGST Fourth Amendment Rules [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/CBIC-replaces-Form-GST-REG-08-Notifies-CGST-Fourth-Amendment-Rules-TAXSCAN.jpg "CBIC replaces Form GST REG-08; Notifies CGST Fourth Amendment Rules [Read Order]")
CBIC notifies Lapse of Attachment Orders by Commissioner in Form GST DRC-22 from One Year of Date of Issue [Read Order]
The Central Board of Indirect Taxes and Customs (CBIC), through a gazette notification has amended the Central Goods and Services Tax (CGST) Rules, 2017 to lay down the period for lapse of attachment...
![CBIC notifies Lapse of Attachment Orders by Commissioner in Form GST DRC-22 from One Year of Date of Issue [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/CBIC-Attachment-Orders-by-Commissioner-in-Form-GST-DRC-22-Form-GST-DRC-22-Lapse-of-Attachment-Orders-taxscan.jpg "CBIC notifies Lapse of Attachment Orders by Commissioner in Form GST DRC-22 from One Year of Date of Issue [Read Order]")
20% Recovery on Income Tax Demand in Dispute shall be made on Crystallised Tax Liability, not on Scaled Down Amount: Delhi HC directs Refund of Excess Amount [Read Order]
The Delhi High Court has ruled that 20% recovery on income tax demand which is in dispute shall be made on the crystallised tax liability and not on scaled down amount. Also, the same shall not...
![20% Recovery on Income Tax Demand in Dispute shall be made on Crystallised Tax Liability, not on Scaled Down Amount: Delhi HC directs Refund of Excess Amount [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Income-Tax-Demand-Crystallised-Tax-Liability-Income-Tax-Delhi-High-court-Refund-of-Excess-Amount-taxscan.jpg "20% Recovery on Income Tax Demand in Dispute shall be made on Crystallised Tax Liability, not on Scaled Down Amount: Delhi HC directs Refund of Excess Amount [Read Order]")
Delayed Payment of TCS and GST is not "Penalty", Allowable as Deduction u/s 37 of Income Tax Act: ITAT [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) held that delayed payment of Tax collection at source (TCS) and Goods and Services Tax (GST) is not a penalty and shall be allowable as a...
![Delayed Payment of TCS and GST is not Penalty, Allowable as Deduction u/s 37 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Delayed-Payment-TCS-GST-Penalty-Deduction-Income-Tax-Act-ITAT-taxscan.jpg "Delayed Payment of TCS and GST is not Penalty, Allowable as Deduction u/s 37 of Income Tax Act: ITAT [Read Order]")