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GST - Highlights / Catch Notes

Home Highlights February 2024 Year 2024 This

Validity of assessment order - difference of turnover between P ...

GST

February 21, 2024

Validity of assessment order - difference of turnover between P & L account and balance sheet, on the one hand, and GSTR-9, on the other - The High Court Noted that the assessing officer accepted explanations for certain defects raised by the petitioner but failed to apply proper reasoning in addressing others. Identified jurisdictional errors in the determination of tax liabilities, particularly regarding turnover differences and transitional credit. - Matter restored back to AO for reconsideration.

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