1. Those taxpayers who link their PAN with biometric Aadhaar by June 30, 2022, would be required to pay late fees of Rs500. Beyond that, the penalty would rise to Rs1,000. In order to mitigate the inconvenience to taxpayers, as per notification dated March 29, 2022, a window of opportunity has been provided to taxpayers up to March 31, 2023.
2. Black money provisions cannot be invoked for minor breach of law.
3. ITC cannot be denied merely on the grounds that one constituent service of mixed supply attracts a NIL rate of tax.
4. Exporters have started receiving notices for wrong availment of GST refund on exports. The said recovery notices run into crores of Rupees. Fact is exemption from payment of IGST has been availed by the importers at the time of import as per Advance Authorization Scheme. Exporters after consuming the said goods during manufacture have exported the final products on payment of GST during the period July 2017 to September 2018.