So, even where the underlying GST demand is confirmed, understanding Cum-Duty Benefit can make a significant difference to the amount ultimately payable.
Watch the video to understand how it works with a simple example.
#GST#GSTLitigation#IndirectTax#TaxLaw#GSTUpdates
A recent GST Tribunal decision from Hyderabad also recognised this principle, directing the adjudicating authority to re-quantify the demand after allowing the Cum-Duty Benefit.
But what does the law actually require, and why do businesses wait for the supplier’s GSTR-3B to reflect before releasing the GST component?
Watch the video to understand the practical reasoning behind this approach.
#GST#GSTLaw#InputTaxCredit#GSTR3B#GSTCompliance
Is paying the GST component to your supplier after the 20th of the next month a legal requirement? Not exactly.
The reason some businesses follow this practice is linked to the supplier’s GSTR-3B filing and the conditions for claiming Input Tax Credit under GST.
@ashwaryasharma
ITC blocking can directly impact a business’s working capital. But taxpayers may have remedies, including seeking details of the blocked ITC, submitting supporting documents, requesting appropriate proceedings, and challenging the action where legally permissible.
Parliament and God can do anything.
Can the government tax you today for something you did back in 2022?
Well... the answer might surprise you.
The tax world has rules, exceptions, and a LOT of fine print.
Would you be okay with the government taxing you years later?
#tax
Can the Income Tax Department arrest you for unpaid tax dues?
A recent change in the Income Tax Rules has altered an important part of the tax recovery framework.
What really happens when a GST notice, audit or raid hits a business?
In a candid conversation with @sanjaykathuria, @ashwaryasharma, Co-Founder & Legal Head, RB LawCorp, breaks down the realities of GST litigation and compliance.
From notices and raids to ITC and GST loopholes
The conversation also covers reverse charge, IBC, export refunds, proforma invoices, and the design flaws within the GST framework.
A conversation for business owners, professionals and anyone navigating the GST ecosystem.
Starting the week where preparation meets representation.
Today, I appeared online before the GSTAT, Dehradun Bench, representing the matter through virtual proceedings.
GST Notice ≠ Immediate Order.
Can an officer pass an order before your reply period ends? Know your rights and the latest Bombay High Court development.
#gst#gstnotice#taxlaw#taxpayerrights#indirecttax
A handshake. A conversation. And a few questions worth asking.
Had the pleasure of hosting @sanjaykathuria at @rblawcorp.
Some conversations challenge the way we think about familiar things. This was one of them.
The Tribunal ultimately allocated 7% of the composite payment to non-live rights and confirmed the corresponding disallowance for non-deduction of TDS.