CA Sundararajan - Tax Laws Today

23/12/2019

01/12/2019

*On receiving notice in GSTR-3A Notice, the defaulter has to file the return within 15 days from the date of notice along with penalty and late fees. If the dealer still does not file return, provisions of Section 62 will apply. The proper officer will assess the tax according to his best judgment using the information available with the department. He will not issue any further notice before starting the assessment. The penalty will be applicable to Rs. 10,000 or 10% of the tax due, whichever is higher*

14/08/2019

# *E-Way Bill*

With effect from 21.08.2019, those taxpayers will be UNABLE TO GENERATE E-WAY Bill who have pending filing of GST Returns for 2 consecutive months or periods (as the case may be)

File your pending GST Returns on immediate basis in order to use of E-WAY bill portal hassle free.

02/08/2019

Competent Authority to take decision on preliminary objections raised by assessee against SCN rejecting refund claim

Parexel International Services India (P.) Ltd. v. Union of India - [2019] 107 taxmann.com 145 (Punjab & Haryana)


The assessee had filed application to claim refund of unutilized ITC for the period July, 2017 to March, 2018. The revenue authorities rejected the refund claim of the assessee and issued show cause notice for payment of tax along with interest and penalty.

The assessee filed its reply along with submissions against the show cause notice issued. On the GST portal, refund application of the assessee was shown as accepted and refund as sanctioned. The assessee filed preliminary objections to the said show cause notice but no response had been received on the same. The assessee filed the writ petition before High Court of Punjab and Haryana to seek relief regarding no response received on preliminary objection being filed.

The Honorable Court directed the revenue authorities to take a decision on the preliminary objections in accordance with law by passing a speaking order and after affording an opportunity of hearing to the assessee.

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24/04/2019

06/04/2019

Income Tax Return Form The Income Tax Department is notified the new Income Tax Return forms for the individuals and the companies for the AY 2019-20.

30/01/2019

CBIC had issued Notification 01/2019 - Central Tax (Rate):

Erstwhile notification granting an exemption to intra-State supplies from unregistered person upto an aggregate value of Rs 5,000 in a day for the purpose of Section 9(4) has been rescinded with effect from first day of February 2019.