The bench comprising of Justice G. S. Kulkarni and Justice Jitendra Jain in the case observed that the bona fide, inadvertent error in furnishing details in a GST return needs to be recognized and is permitted to be corrected by the department when, in such cases, the department is aware that there is no loss of revenue to the government.
The court stated that the free play in the joint requires eminent recognition and the department needs to avoid unwarranted litigation on issues and make the system more assessee-friendly. Thus, the approach would also foster the interest of revenue in the collection of taxes.
هذه القصة مأخوذة من طبعة December 18, 2023 من The Business Guardian.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة December 18, 2023 من The Business Guardian.
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
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