A Tax Refund refers to any amount that is due or returnable to the tax payer from the tax department. There are specific scenarios in which refund is allowed and dealers can claim tax refund only in these scenarios, [...]
The term ‘audit’ under GST means the examination of records, returns and other documents of a registered person to verify that the turnover declared, taxes paid, refund claimed and input tax credit availed are correct. A Pictorial depiction of [...]
Assessment of tax means determination of the tax liability of a person. The tax liability of a person is the amount of tax to be paid by a person during a tax period. The types of assessment of tax [...]
As you must be aware, the Goods and Service Tax is largely payable on a self-assessment basis. If the assessee pays the right amount of tax, there is no problem. However, if there is any short payment or wrong [...]
In our previous blog, we understood all about the demand provisions under GST, and how they are invoked, whenever there is a short payment, non-payment, or wrong refund of tax or wrong utilisation of input tax credit. We also [...]
In our previous blogs, we have gone through the provisions of demand, which gives an opportunity to defaulting taxpayers to pay the pending amount of tax along with the penalties, within the stipulated timelines. Several notifications, in the form [...]
In our previous blog, we had gone through the general GST recovery provisions – when to start the recovery proceeding under GST, modes of recovery of GST and also the provision of repaying the tax in instalments. In this [...]
In our previous blogs, we have gone through the various provisions in place for recovery of tax, as well as some special recovery provisions. While these may work seamlessly in a normal scenario, there might be some special cases, [...]
In our previous blog, we had studied about various provisions which defined the liability to pay unpaid GST for stakeholders. In this blog, we will go through certain company specific scenarios – such as transfers, mergers and liquidation – [...]
In our previous blog, we had studied about various provisions which defined the liability to pay unpaid GST for certain business specific scenarios, such as transfers, mergers and liquidations. In this blog, we will go through some more company [...]
