Confederation of West Bengal Trade Associations seeks certain relief in GST
- Aditya Singhania
- Jun 16, 2024
- 1 min read
Key highlights from the news by The Telegraph India
One-time Vivad scheme may be allowed for cases where show cause notices have been issued where only 30% of tax payment is demanded and a waiver is given for interest and penalty for the years 2017-18, 2018-19 and 2019-20.
Mistakes made in filing returns should be allowed for rectification.
Unclaimed credits under section 16(4) should be allowed for all these years.
Minor discrepancies in e-way bills should not attract penalties and in-spite of a 2018 circular specifying instance of known/possible mistakes, penalties are being levied for clerical mistakes even in cases where there was no intention of fraud.
Instances where both SGST and CGST are resorting to enforcement action on the same issue and suggested that action should be taken by only one authority and the matter should be uploaded in the system to avoid subsequent action by the other authorities.
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