Penalty leviable Even if Tax & Interest deposited within 30 days of SCN || CA (Adv) Bimal Jain

Penalty leviable Even if Tax & Interest deposited within 30 days of SCN || CA (Adv) Bimal Jain
✔️ Penalty imposed on GST collected but not deposited to Government even after Tax payment within 30 days from Notice
☑️ For Complete Newsletter: www.a2ztaxcorp.com/penalty-im...
__________________________________________________
To Know More About Zoho: www.zoho.com/
___________________________________________________
🚨 Important Webinar (FREE) On:
📢 "Preparation and Reconciliation for GSTR 9 & GSTR 9C for FY 2022-23"
🗓️ Date : November 30, 2023, Thursday
⏰ Time : 4:30 PM to 6:00 PM (IST)
🎤 Speaker : CA. Bimal Jain
🔖 Registration Link: meet.zoho.com/1xECyC7wh1
📝 Coverage:
✔️ Outward Supplies - Taxable, Exempted, Zero rated
✔️ Adjustment and CN/DN - Outward Supplies
✔️ GST ITC - Inputs, Input Services, Capital goods
✔️ Reversal of GST ITC - Ineligible, Exempted Supplies, Non-payment within 180 days, etc.
✔️ Adjustment of transactions pertaining to Outward supplies & GST ITC shown in a period April to October 2023
✔️ Other important aspect of compliances for GSTR 9 & GSTR 9C
Limited seats available
___________________________________________________
Dear Friends & Colleagues,
With the blessings of the Almighty God and your Love & best wishes, our latest book “GST Law and Commentary with Analysis and Procedures (Set of 4 Volumes) By Bimal Jain & A2Z Taxcorp LLP" May, 2023 Edition is launched in the market.
📚 Order your Copy at: tinyurl.com/2p95cdyx
💥 Complete Walk-through of the Book: tinyurl.com/2p8j8rpx
Highlights of the Book:
⭐ Vol 1: Detailed commentary (with updated provisions, rules, circulars, etc.) on various domains of GST laws & provisions viz. Supply of goods or services - intra-state and inter-state. Principles of time of supply & place of supply, taxable person, GST ITC, reverse charge mechanism, exports and imports, job work, TDS, TCS, etc., with practical case studies and illustrations & FAQs for conceptual clarity.
⭐ Vol 2: Detailed discussion on constitution of the GSTAT, demand and recovery, inspection, search, seizure & arrest, etc., offences, penalties, prosecution, compounding, and appeals & revision, under GST. Discussion of all procedural requirements viz. registration, payment, invoice, refund, e-way bill, along with relevant forms & their due dates, ‘e-invoicing’ and ‘QR code’ under GST.
⭐ Vol 3: Discussion on way forward GST return system - sequential filing of GST returns, GST Returns filing & matching of GST ITC with tabular presentation of GSTR-9 and GSTR-9C, etc. Complete Guide and Manual for GST Rates of Goods or Services/ Exemptions of Goods or Services updated as on date including all the latest notifications, circulars, press release, etc.
⭐ Vol 4: All updated CGST, IGST, UTGST and GST Compensation Cess Act and rules, Notifications, Circulars, Orders, Press Releases, various GST Forms & utilities, GST Council Meetings, etc. (With QR code access through Coupon code)
Please do share your valuable feedback/ suggestions and recommend to your friends and colleagues.
📍 For any query related to GST write back to us at:
[e-mail]
👉🏻 Download Our Free GST Android App:-
🔹 play.google.com/store/apps/de...
👉🏻 Regular and up to date GST updates are now available on WhatsAap Channel & Telegram Channel of A2Z TAXCORP LLP as well:-
🔹 Join our channel at - whatsapp.com/channel/0029Va5X...
🔹 Join our Channel at - t.me/a2ztaxcorpllp
🔰 Connect with us on Facebook, Twitter, etc.
🔹Facebook Bimal Jain :- / bimal.jain.90
🔹Facebook A2Z Taxcorp LLP :- / a2ztaxcorpllp
🔹LinkedIn Bimal Jain :- / bimal-jain-4b460114
🔹LinkedIn A2Z Taxcorp LLP :- / a2z-taxcorp-llp
🔹RUclips :- / @cabimaljain
🔹Twitter :- / bimalgst
🔹Koo App :- www.kooapp.com/profile/cabima...
🔹Instagram :- / cabimaljain

[@VinodSharma-gm5dt]

Very well elaborated

[@bharatichaudhari]

Very informative

[@karthikeyanp4972]

Sir you use lot of Hindi and our request pls add English also what you say in Hindi pls because we need your explanations

[@ckkasal]

Totally Rules & Section are to Misslead or implement as per Officer? Purpose And Intention of GST is sidelined?

[@rohitthakur84310]

Sir hume drc-01 issue hua hai u/s section 73. Humne mismatch vala itc pay kr diya with interest..but vo humse penalty ki bhi demand kr rhe hai 500 rs tax ban rha hai 20000 penalty lga rhe hai....kya krna chaiye

[@anuragtiwari6234]

Is penalty leviable u/s 73(11) in case of reversal of ITC.

[@tusharmodi]

If we analyse the judgement I feel then reversal of ITC will not attract

[@yashkeshari17]

I believe No, since it clearly says does not pay self assessed tax/collected but not deposited. And we are claiming ITC against an invoice which is not reflecting in GSTR-2A. It might be possible that we'll have to provide proof against which ITC was availed in returns.

[@aditya260891]

if person gave reconciliation for eg. 10 lakh rupees tax less paid and couldn't reconcile 500 rupees but doesn't pay that 500 within 1 month of notice. is the penalty of 20000 still payable? is it not against natural justice

[@nikhilbafna5829]

Have same doubt

[@rohittripathi3947]

👍👍