Web2.2 Kind atitentionis invited to sub-section (2) & sub-section (10) of the Section 73 of the CGST Act, 2024, which read as under: (2) The proper officer shall issue the notice under sub-section (1) at least three months prior to the time limit specified in sub-section (10) for issuance of order. WebShow cause notice shortly called as ‘SCN’ is a document served by the department on a person asking him to explain with reasons as to why a particular course of action should …
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Web12 Jan 2024 · Once any penalty is imposed under sections 73 or 74, then no penalty under any of the GST sections is applicable. This stands for cases (fraud or non-fraud) where: … Web27 Jun 2024 · However since Sec. 73 or 74 do not expressly provide for initiation of the proceedings in respect of transitional credit (as it is not ITC), the proceedings initiated … kiss of beauty
Demands and Recovery under GST Regime (SCN and Adjudication)
Web23 Nov 2024 · The GST portal re-opened the facility to file or revise earlier filed TRAN 1/ 2 following the Supreme Court’s directive. The window to file these forms will be available from 1st October 2024 to 30th November 2024. Also, the GST portal released an advisory explaining the revised processes for claiming transitional ITC. Web17 Mar 2024 · The Court concluded that issuance of SCN by the ADG (DRI) was invalid and without authority of law. It was brought to the notice of CBIC that in respect of SCNs dated 19 March 2024 issued by DRI in certain cases, the adjudication would get time barred on 18 March 2024 as per Section 28 (9) of the Act, on account of the inability to proceed ... Web20 Dec 2024 · If you think that verification is to be done for those declarant who were not registered with the department prior to 30.6.17 is not correct. If credit is wrongly taken/declared in TRANS-1, the same can be recovered by way of SCN under Section 73 or 74 along with interest. See Rule 121 of CGST /SGST Rules, 2024 read with Rule 117 (3). m1 scm besancon