Wednesday, October 2, 2024

BANKING

The DGGI has issued over 300 show-cause notices to company officials for wrongfully availing input tax credit. Penalties up to 100% have been imposed. Notices target top management where their role in tax evasion is established. Industry argues penalties should only apply in exceptional cases. Recipients challenge the notices in court.

from Banking/Finance-Industry-Economic Times https://ift.tt/LBpfjiu
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