Web11 Apr 2024 · In order to classify an act of a taxpayer as fraud, the authorities must prove that the taxpayer had the clear intention of deceiving the authorities which has resulted into the evasion of tax. The Apex Court at various occasions have held that the mens rea (guilty mind) must be proved beyond any doubt in order to classify a taxpayer as a fraud. Web25 Aug 2024 · The Finance Bill 2024 introduced a new section in the Central Goods and Services Tax (CGST) Act, 2024 by way of substituting the existing Section 38. The revised …
New Section 38 of the CGST Act Governing Input Tax Credit
WebSection 73 (1): Where it appears to the proper officer that any tax has not been paid or short paid or erroneously refunded, or where input tax credit has been wrongly availed or utilised for any reason, other than the reason of fraud or any wilful-misstatement or suppression of facts to evade tax, he shall serve notice on the person chargeable … Web7 Feb 2024 · Resale of ships, vessels or aircraft Passenger transportation service or plane service or cruise or boat rental service Training schools for navigating vessels or ships and flying aircraft or planes Engaged in the goods transportation business in trucks or trillers or tractors. Clause (aa) of Section 17 (5) is reproduced below- red maple leaf wreath
Section 54 – Refund of tax- CGST Act 2024- Part 1 - TaxGuru
Web17 Jun 2024 · The petitioner contended that Section 13(8)(b) of the IGST Act seeks to levy GST on services provided to, used and consumed by recipients located outside India and treating the same as intra-state supply leviable to CGST and MGST which is not only illegal, void, arbitrary and unreasonable but also ultra vires Articles 14, 19(1)(g), 21, 286, 246A, … Web16 Mar 2024 · According to Section 8 of Central Goods and Service Tax Act, 2024 as passed by Lok Sabha : The tax liability on a composite or a mixed supply shall be determined in … Web27 May 2024 · As per Section 8 of CGST ACT: The tax liability on a composite or a mixed supply shall be determined in the following manner, namely:— (a) a composite supply … red maple leaves drying up