The recent Circular No. 238/32/2024 issued on October 15, 2024, addresses several doubts concerning the application of Section 128A of the CGST Act, introduced to relieve taxpayers facing penalties and interest on GST dues for financial years 201718, 2018-19, and 2019-20. This amendment allows a waiver of penalties and interest, subject to specific conditions, particularly for demands arising from section 73 of the CGST Act. The guidelines laid out by the Central Board of Indirect Taxes and Customs (CBIC) offer essential insights into how taxpayers can apply for and benefit from this relief. Eligibility for Waiver and Conditions for Application. The circular specifies that Section 128A applies only to specific cases where:
A notice has been issued under section 73 but has not yet been adjudicated. An order was passed under section 73, but no higher authority has issued a subsequent order.
Appellate or revisional authorities have issued an order, but no order has been passed by the GST Appellate Tribunal.
هذه القصة مأخوذة من طبعة November 2024 من Incredible Goa.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة November 2024 من Incredible Goa.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
IMPORTANCE OF ANNUAL COMPLIANCE IN GST
Any items which lead to increase in input tax credit cannot be rectified vide this form. It is not applicable to taxpayers under the Composition Scheme, Input Service Distributors, casual taxable persons, and non-resident taxable persons.
SAFE AND EFFECTIVE HIGH-INTENSITY INTERVAL TRAINING FOR OLDER ADULTS
High-intensity interval training (HIIT) is a workout style that alternates between intervals of intense effort and recovery. The goal of HIIT is to push your body hard during the highintensity intervals and allow it to recover during intervals of low- to moderate-intensity activity.
IFFI 2024 Another Victorious Conclusion
The 55th edition of the International Film Festival of India (IFFI) concluded in resplendent style on November 28, 2024, at the renowned Dr. Shyama Prasad Mukherjee Indoor Stadium in Goa.
CONSTIPATION Raising Awareness and Combating a Common Health Issue
December marks Constipation Month, an important occasion to shine a light on one of the most common yet overlooked health issues faced by individuals worldwide.
MANDO FESTIVAL Preserving Traditions in a Rapidly Changing Goa
\"The loss of culture is the loss of identity.\"
MICROPLASTICS Exploring the Impact on Human Health
A wonder of our era, a treasure that arrived in countless beautiful hues, yet it was never genuine-merely a decorative item, never intended for practical use.
UNSTOPPABLE ASCENT: AJAY SINGH'S PATH TO BRILLIANCE THROUGH CONSISTENT EFFORT
Ajay Singh's journey has been one of steady growth and worthwhile success.
MANDHAAR BHITALE Strategic Oversight in Hospitality Marketing & Vision for Brand Advancement
In the ever-evolving marketing and advertising realm, Mandhaar Vikrant Bhitale is carving out a distinctive path, driven by his unique outlook and exceptional skills.
SARITA KARANDIKAR From Fashion Designer to Conscious Entrepreneur
Sarita Karandikar's career trajectory is a testament to the transformative power of passion, reinvention, and unwavering creativity.
PRERNA PALEKAR The Journey of the Goan Kathak Sensation
The journey of an artist is one of the most inspirational tales of all. Dive into the captivating story of Prerna Palekar, a Goan Kathak sensation whose dedication to the performing arts serves as a beacon for aspiring artists everywhere.
