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New Invoice System in Works to Curb Automated Notices

GST / Radhika Goyal / September 22, 2025 / CBIC, GST, New invoice system, New Invoice System in Works to Curb Automated Notices

DIN Not Mandatory in Tax Notices: CBIC

INCOME TAX / TaxConcept / June 10, 2025 / CBIC, din functionality, TAX AUDIT

New GST Registration Grievance Process by CBIC Announced

GST / TaxConcept / May 3, 2025 / CBIC, GST

CBIC Waives Transhipment Fees & Simplifies ULD Import: Trade Facilitation Boost!

News / Anu Lekhi / April 26, 2025 / AegisLogistics, AirCargo, CBIC, Customs, IndiaCustoms, TradeFacilitation, Transhipment, ULD

Most Important Advisory Related to GST Registration Issued by CBIC

Most Important Advisory Related to GST Registration Issued by CBIC

GST / TaxConcept / April 18, 2025 / CBIC, FORM GST REG-01, GST, GST PORTAL, gst registration

Revised CBIC Regulations for Personal Carriage of Imports and Exports Starting May 1, 2025

Business / CS Hanuman prajapat / March 29, 2025 / business, CBIC, CBIC Regulations, EXPORTS, Imports

GST on Popcorn What You Need to Know

GST / CS LALIT RAJPUT / February 16, 2025 / CBIC, GST, Popcorn

GST arrest guidelines

Big relief for taxpayers: CBIC changes arrest and bail guidelines under GST 2025

GST / TaxConcept / January 17, 2025 / arrest guidelines under GST, bail guidelines under GST, CBIC, gst taxpayers

GST Evasion

CBIC Exposes ₹26,543 Crore GST Evasion in Latest Crackdown on Fake Input Tax Credit

GST / Radhika Goyal / December 20, 2024 / CBIC, fake input tax credit, GST, GST evasion

CBIC Chairman Shri Sanjay Kumar Agarwal

CBIC Chairman Shri Sanjay Kumar Agarwal launches new initiatives to enhance taxpayer services

INCOME TAX / Radhika Goyal / December 18, 2024 / CBIC, CBIC Chairman, INCOME TAX, Sanjay Kumar Agarwal, Taxpayers

Gst

Report on CBIC Directive for GST Issues on Related Party Service Imports

GST / Radhika Goyal / August 3, 2024 / CBIC, GST, GST issues, Party Service Imports, Report on CBIC Directive for GST Issues on Related Party Service Imports

GST circular

GST Payment Time for Spectrum Allocation Services: CBIC Circular No. 222/16/2024

GST / Radhika Goyal / July 25, 2024 / CBIC, CBIC Circular No. 222/16/2024, GST, GST Payment Time, Spectrum Allocation Services

GST PORTAL

Latest GST News, Information, Notifications & Announcements [Period 09/07/24 to 15/07/24]

GST / VIPUL KHANDHAR / July 15, 2024 / CBIC, GST, GST notification, GST PORTAL, Gst portal update, gst rule changes

New Monetary Limits for Filing Appeals in Indirect Tax Disputes

GST / TaxConcept / November 3, 2023 / CBIC

Compliance requirements for the Month of July, 2023 under various Statutory Laws

Compliance requirements for the Month of July, 2023 under various Statutory Laws

MAGAZINES / CS LALIT RAJPUT / July 7, 2023 / BUSINESSES GST, Cabinet Decisions / New Laws, CBIC, companies act 2013, FEMA, GST, gst refund, GSTR, IMPORT EXPORT CODE (IEC), INCOME TAX, income tax act, Income Tax Act 1961, Income Tax Return, LABOUR LAW, SEBI, SEBI CIRCULAR, sebi news

Bombay High Court restrains I-T department from taking coercive action against Anil Ambani

JUDGEMENT / TaxConcept / March 11, 2023 / ANIL AMBANI, CBIC, featured, INCOME TAX

Methods to Apply for a Lost/Duplicate PAN Card?

Leave a Comment / INCOME TAX, PAN Card / Sakshi / January 22, 2023 / CBIC, Duplicate Pan Apply, Duplicate pan card, featured, INCOME TAX, PAN CARD

New income tax regime could get some fresh tweaks in the upcoming Union Budget 2023

Leave a Comment / Budget 2023-24, INCOME TAX / Sakshi / January 7, 2023 / Budget2023, CBIC, INCOME TAX

COMPLIANCE SHEET FOR THE MONTH OF JANUARY 2023

Leave a Comment / COMPLIANCE CALENDAR / CS Tanuj Saxena / January 2, 2023 / CBIC, featured, GST, GSTR, INCOME TAX

11 major changes will happen from January 1, 2023

These 11 major changes will happen from January 1, 2023

Leave a Comment / BUSINESS & ECONOMY / TaxConcept / December 31, 2022 / BUSINESSES GST, CBIC, COVID, COVID-19, GST, GSTR, ICAI, INCOME TAX, new rules effect january 2023, new year 2023

The taxpayers should apply for retraction within 30 days from the date of neutralize. To this specific date, they should apply a retraction application to the tax officials. Tax officials have the authority to accept or reject the application for retraction. Are you confused? Keep reading below to learn about all the rules and regulations pertaining to the retraction of neutralize of Goods and Services Tax enrollment in the country. When is Retraction of Neutralize Acceptable? The retraction of neutralize Goods and Services Tax enrollment is applicable only when the concerned Goods and Services Tax official or officer has neutralize someone’s enrollment on their motion. Only people who meet this condition can opt to file an application of retraction to the tax officer within 30 days from the date they got the notice of neutralize of Goods and Services Tax enrollment. If an individual has voluntarily neutralize GST enrollment, are not eligible to do so. Reasons for Enrollment Neutralize by the officer Some common and well-known reasons for enrollment neutralize by tax officers are given below. The enrollment can be discontinued if the taxpayer individual: Is not running any business from the registered business place Provides a bill or invoices without a supply of services/goods, i.e., in violation of expenditures Disobeys the anti-profiteering requirements, for example, not providing the benefits of ITC to clients. With effect from January 2021: The utilisation of ITC from the credit of electronic ledger to release over 99% of tax detriment for restricted taxpayers over steps Rule 86B—with the entire taxable amount of supplies surpassing ₹50 lakhs monthly, with few exceptions; Does not apply GSTR-1 because he had not applied GSTR-3B for over two continuous months (one quarter for those individuals who choose into QRMP scheme); The input tax credit is availed in violation of the requirements of section 16 of the Goods and Services Tax Act. Procedure for Registration Neutralize by an Officer Here is the process to GST Registration Cancellation by a Goods and Services Tax official: If the concerned tax officer has enough reason to cancel someone’s Goods and Services Tax enrollment, he will issue a show cause notice to that particular individual in Form GST REG-17 The receiver of the show cause notice must respond to it in Form Goods and Services Tax REG-18 within seven working days of receiving a notice containing reasons why the enrollment has been discontinued If the concerned officer finds the response from the individual feasible, the officer will stop the proceedings and issue an order in the Goods and Services Tax REG-20 form If the enrolment is liable to be discontinued, the concerned tax officer will proceed with an order in Form Goods and Services Tax REG-19. The order will be received by show cause within 30 days from the response date. Under Section 29(3) of the CGST Act An individual shall continue to spend tax and different dues. The retraction of enrollment under this category shall not influence the detriment of the individual to pay tax and additional dues under this law. It will also not affect the release of any responsibility under this Act or the rules made thereunder for any duration preliminary to the neutralize date, whether or not such tax and different dues are inferred before or after the neutralize date. Retraction of Neutralize of Enrollment There are some rules for retraction of neutralize Goods and Services Tax enrollment explained: An enrolled individual whose enrollment is discontinued by the concerned tax officials on their action is subjected to the expenditures of Rule 10B and can submit a retraction application of neutralize Goods and Services Taxenrollment to proper tax officials in Form GST REG-21. It should be done in a given period, i.e., 30 days from when you get a notice about enrollment neutralize. Or it should be done in a duration provided by the Additional commissioner, Joint commissioner, or commissioner, depending on the case, in the practice of the power given by provision of sub-section (1) of section 30 at the general portal, either directly or via any facilitation centre informed by the commissioner. No retraction application can be filed if the enrollment has been abolished due to the failure of the enrolled person to provide returns on time. Unless such returns are provided, any penalty or interest associated with these returns has been paid along with the late fee. Given that all the dues of returns for a specific duration from the enrollment neutralize date to the retraction of the neutralize enrollment order date shall be provided by the subject person within 30 days from the date of retraction of neutralize of the Online GST Registration order. Moreover, given that where the enrollment has been discontinued effect of retrospective, the enrolled person must provide all returns associated with a duration from the date of enrollment neutralize till the date of retraction order of Goods and Services Tax neutralize enrollment within 30 days from the date of retraction order of enrollment neutralize. If the concerned officer is satisfied with the reasons provided in writing, and that there are enough good reasons for the retraction of neutralize Goods and Services Tax enrollment, he will issue an order of the same in Form GST REG-22 within 30 days from the date when he received the application. He will communicate about the same shortly with the subject applicant. If the officer does not find any good reasons or do not get satisfied with the provided reasons in the application of retraction, he can reject your provided application and issue the same in Form Goods and Services Tax REG-05 and communicate the same with the applicant. The concerned tax officer will, before ratifying the order shown in clause (B) of Sub-rule 2, provide notice in Form Goods and Services Tax REG-23, needs an applicant to display reasons for submitting the application for retraction of neutralize enrollment under Sub-rule 1 should not get rejected. The applicant must reply within seven working days from the date of issuing notice in Form GST REG-24. When the concerned officer gets clarification or information in Form Goods and Services Tax REG-24, the officer will issue an order in favour of the applicant as shown in Sub-rule 2 within 30 working days from the date he received a reply or information from the applicant. Conclusion:- In India, every business registers with Goods and Services Tax Act if the earnings every year is more than ₹20 lakhs. enrollment can be done at the official portal of GST. In the GST Act of 2017, various rules are given. If any taxpayer violates any rule, the tax office will be in a position to cancel their Goods and Services Tax enrollment. However, if you do not want to cancel your enrollment, you have to go for an application of retraction. The article gives all the procedures on how you will approach the retraction application. There are various rules and regulations regarding the retraction process. Moreover, you should apply for retraction in a given period; otherwise, you’ll not be able to do so. If you have any queries about the rules of the retraction process, Vakilsearch is always ready to assist you. They will help you with details about the retraction, its laws and the period.

Clarification to deal with difference in Input Tax Credit (ITC) availed inFORM GSTR-3B as compared to that detailed in FORM GSTR-2A – reg.

Leave a Comment / GST / TaxConcept / December 27, 2022 / CBIC, featured, GST, GST PORTAL, GST PORTAL NEWS & UPDATES, GSTR-2, GSTR-3B

WEEKLY CORPORATE AFFAIRS

Leave a Comment / MAGAZINES / CS LALIT RAJPUT / December 22, 2022 / BUSINESSES GST, CBIC, COVID, COVID-19, featured, GST, GSTR, ICAI, INCOME TAX, IPO, IPO & Investment Section, ITAT

e are delighted to share our 97th E-Newsletter “Weekly Taxation Newsletter” dated 20th December, 2022 from 13th November, 2022 to 20th December, 2022 with you. This E - Newsletter is a weekly reference / compilation of interesting and latest news related to tax including upcoming Timelines / Due Dates, Notifications / Press Information, Case Laws, International Taxation etc.

E-Newsletter “Weekly Taxation Newsletter”

Leave a Comment / MAGAZINES / CS LALIT RAJPUT / December 22, 2022 / BUSINESSES GST, CBIC, COVID, featured, GST, GSTR, ICAI, INCOME TAX, ITAT

Request for Expression of Interest (EOIs) For Empanelment of Chartered Accountants/Chartered Accountant firms/Cost Accountants/Cost Accountant firms for Special Audit of GST registered persons under Section 66 of the Central Goods & Services Tax Act, 2017

CBIC Request for EOIs for Empanelment of CAs/ICWAs for conducting Special Audit under Section 66 of the CGST Act, 2017

Leave a Comment / Bank / Bank Audit, GST / TaxConcept / December 21, 2022 / AUDIT UNDER SECTION 66, CBIC, empanelment of CA, featured, GST, GST Audit

Got I-T Department’s mail after ITR filing?

Leave a Comment / INCOME TAX / Sakshi / August 24, 2022 / CBIC, featured, INCOME TAX

Screenshot_2022-03-26-08-45-56-39_4251af1b5b11394b318ec35cda6368c8-117f1704

Breaking: Government Prescribes Manner Of Calculating Interest On Delayed Payment Of Tax

Leave a Comment / GST / / July 6, 2022 / BUSINESSES GST, CBIC, CBIC UPDATE, featured, Input Tax Credit, INTEREST, ITC

Screenshot_2022-06-16-08-05-38-11_4251af1b5b11394b318ec35cda6368c8-90a26c4c

Breaking: Due Date For Filing GSTR-4 Of FY 2021-22 Further Extended

Leave a Comment / GST / / July 6, 2022 / BUSINESSES GST, CBIC, CBIC UPDATE, featured, GSTR-4

Screenshot_2022-06-16-08-06-09-62_4251af1b5b11394b318ec35cda6368c8-4537500b

Breaking: Government Extends Due Date For Filing CMP-08 For 1st Quarter Of FY 2022-23

Leave a Comment / GST / / July 6, 2022 / BUSINESSES GST, CBIC, CBIC UPDATE, CMP-08

Screenshot_2022-06-22-19-58-39-89_4251af1b5b11394b318ec35cda6368c8-5e3dcfbf

Breaking: These Taxpayers Are Not Required To File GST Annual Return For FY 2021-22

Leave a Comment / INCOME TAX / / July 6, 2022 / BUSINESSES GST, CBIC, CBIC UPDATE, GST ANNUAL RETURN, GSTR, GSTR-9, GSTR-9A

Screenshot_2022-06-16-08-06-09-62_4251af1b5b11394b318ec35cda6368c8-b4766a77

Taxpayer is Eligible To Claim ITC As Per Invoice in Absence Of System Based Matching: Gujarat High Court

Leave a Comment / GST / / June 26, 2022 / BUSINESSES GST, CBIC, GSTN, GSTN PORTAL, GSTR, GSTR-2, GSTR-2A, GSTR-3, GSTR-3B, GUJARAT HIGH COURT, Input Tax Credit, ITC

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