ITC denial

This is internal finance ministry communication. Does this mean ITC is being denied to meet targets? more  

6C0DF0DD-F614-44EE-AC30-64C0AD289076___20200123031239___.jpeg
13494713-0FD0-4BDC-A96B-1A004272F2D2___20200123031236___.jpeg
fake or wrong ITC claims is know scam going around since some time, so efforts to curb that is welcome step. every coin has two sides and if there is any wrong steps in implementation it can be corrected. we should allow genuine efforts to curb malpractices and co-operate more  
I agree with Mukul - in case there is suspicion of wrong doing only this can be invoked and the assesse has every right to represent himself for getting it revoked more  
While stringent measures are necessary to curb ITC malpractices, the moot point for blocking ITC viz. satisfaction of a Commissioner or an officer designated by him of few laid down parameters in law, is devoid of any natural justice since there is no mechanism for the intended assessee to put forth his case before such officer and thus unilateral biased application of the law cannot be ruled out. more  
This is official communication and is already known in the GST circles. This is to tackle fake ITC scam. more  
Post a Comment

Related Posts

    • Corruption in GST

      GST office dont make any gate pass , no security checks . Is this to facilitate people to walk in with cash and gifts for officials. What happens if terrorist gets in .

      By Rajeev Bhargava
      /
    • Taxation is hell

      Indian taxation is truly hell, the average Indian gets paid 20x less than average westerner but pays 10x more for essentials like laptops while 50x for cars. This is literally butchering the middle...

      By Naina Mittal
      /
    • Corruption in gst

      According to my husband, Corruption in GST starts from registration itself now. Getting told it's impossible to get it done in Delhi without a bribe. You get a query for more docs with t...

      By Naina Mittal
      /
    • Is there a GST bribe rate card now

      You can get a rate card for everything in gst office Registration 10k Assessment where no tax payable 15 k Refunds 4% This is what a friend is saying. LC Manager must esc...

      By Naina Mittal
      /
    • GST cancellation

      Nephew had applied for GST cancellation a couple of months back but continues to receive notices from GSTN for failure to file monthly return. His accountant tells him that GST office will not proc...

      By Naina Mittal
      /
    • 7 years of GST

      7 years post the launch of GST I must tell you that most retail services businesses in India still evade it and Govt has failed to do anything. From ac repair fellow to caterers and from...

      By Sudesh Rai
      /
    • Small Business and cost of compliance

      My cousin’s friend runs a local bakery in Goa. He accepts only CASH. No UPI/CC/Debit Card-- nothing! Logic: if he accepts anything in 'white', he will pay around...

      By Sudesh Rai
      /
    • Does GST benefit rich

      Interesting how poor people and commoners pay GST on pretty much everything they buy from biscuits to namkeen, milk to grocery And rich buys iPhone, Luxury Cars, etc as Business Expenses...

      By Sudesh Rai
      /
    • Wrong public priorities

      Cut & polished diamonds are charged 1.5% GST. Flour & curd are charged 5% GST. Diamond walas can fund politics but aate dahi doodh walas can’t?? Plea...

      By Sudesh Rai
      /
    • Why is GST council losing it in a hurry

      The GST Council has recommended 5% GST on dairy items like pre- packed, pre-labeled curd, lassi and butter milk and increasing GST on dairy machinery and milking machines from 12% to 18%. This move...

      By Rohit Garg
      /
    • GST rates need rethink

      Bicycle will attract a GST rate of 12%, but diamonds will attract only 0.25%. At a time when people aren't able to afford petrol & the poor are forced to commute on cycles, the govt charges 12%...

      By Ruchika L Maheshwari
      /
Share
Enter your email and mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

All My Circles
Invite to
(Maximum 500 email ids allowed.)