Daily GST Updates – August 26, 2022

• Penalty u/s 271(1)(c) not leviable on committing bona fide mistake
• Late fee u/s 234E for delay filing of TDS return not leviable prior to 1st June 2015
• In depth study on RCM Liability for Guarantee given by Directors to Company
• GST on Renting Of Immovable Property – Recent Amendments
• Input Tax Credit under GST Law – Relevant Provisions
• Summons have to be issued as a last resort
• CESTAT allows refund of excise duty Paid as EOU before conversion to DTA unit
• Refund cannot be denied on hyper-technical objection of not been filed before competent authority
• Enhanced value for imports cannot be adopted merely based on acceptance by importer
• Summary of SCN In GST DRC-01 cannot Substitute Proper SCN requirement
• Physical verification of registered office of company
• Consequences of Non Payment of TDS/TCS & Non filing of TDS/TCS Returns
• CESTAT upheld absolute confiscation of smuggled gold bars
• CESTAT allows Refund claim of unutilised CENVAT Credit of Pre-GST regime
• Cenvat credit admissible on GTA services from place of removal upto 1.4.2008
• TDS Credit denied – Corresponding income ought to have been reduced – Section 154
• No duty escapement in clearance of good by Job worker at value fixed by TISCO
• Transport charges cannot be included in valuation for mining services
• No TDS on discount on Sale of Prepaid SIM Card to Distributors

Source Taxguru

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