Daily GST Updates -November 6, 2022

• Amendment to section 50 of CGST Act 2017 levying interest on net tax liability is effective from 1st July 2017
• Value of goods duly accepted by excise department cannot be re-valued by AO
• Service of Section 143(2) notice on wrong address is not a valid service
• CESTAT allows benefit of deemed conclusion of proceedings under Section 28 of Customs Act
• Reversal of credit amount tantamount to non availment of Cenvat Credit
• CENVAT Credit Rules not bar clearances at a price higher than purchase cost
• HC reduces penalty for lapsing of e-way bill for bonafide reasons
• Customs: No section 114AA penalty if Assessee not provided False Information deliberately
• Guide for filling GSRT-9 for F.Y 2021-22 – Simplified
• HC disposes petition with a direction to recompute GST interest – Section 50
• Classification of Menthol Scented Sweet Supari and Flavoured & coated Illaichi 
• E-commerce Business: 7 Advantages to register as E-commerce business
• GST Registration Cancellation: Appeal Remedy cannot be denied merely because Revocation Option was not opted

Source Taxguru

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