Sharing my detailed presentation with my twitter family.

It will give you complete information about the
Detention and Seizure of Goods during transit under GST
🧵 INTRODUCTION WITH PROVISIONS DEALING WITH DETENTION AND SEIZURE

IMPORTANT HIGHLIGHTS OF 50TH GST COUNCIL MEETING 🧵
PART 1- Measures for Facilitation of Trade 1/✅ GST Appellate Tribunal:
The Council recommended Rules for the GST Appellate Tribunal. This will ensure its smooth functioning
👉It also recommended that provisions pertaining to GST Appellate Tribunal may be notified by the Centre with effect from 01.08.2023.

📢Thread: Important Instruction on SOP for Scrutiny of GST Returns (Instruction No. 02/2023-GST) 🧵
Here are the key highlights: 👉A new online workflow for scrutiny of returns for FY 2019-20 onwards has been developed by DG Systems in the ACES-GST application. The GSTINs selected for scrutiny are now available on the scrutiny dashboard.

🔎Unlocking the Mysteries of Section 60: Provisional Assessment! 🧵 💡 Are you struggling to determine the value or rate of tax for goods or services? Fear not! Section 60 of the GST Act offers a solution: provisional assessment. Let's dive into the key points:

🧵Demystifying GST Audits: Section 65 & Rule 101. Understanding Both Sides of the Audit Journey! 💼🔍
Read this thread to gain a complete understanding of GST audits, covering Section 65 and Rule 101.
#GST #TaxAudit #DemystifyingAudits 🔸The Commissioner or any officer authorized by him, may undertake audit of any registered person for a financial year or part thereof or multiples thereof at such frequency and in such manner as may be prescribed

📢 Thread: RBI Withdraws ₹2000 Banknotes, Here's What You Need to Know! 💵🏦 👉RBI is withdrawing ₹2000 banknotes introduced in 2016 after demonetization. These notes will still be legal tender, but their usage has decreased, so RBI wants to replace them with other denominations. #RBI #CurrencyWithdrawal

📢 Attention all! The Government has issued certain notifications regarding the GST , effective from April 1, 2023. Here's a thread summarizing the latest updates: 🧵 👉 Late fee for GSTR 4 filed between Apr 1-Jun 30, 2023, for the quarters from Jul 2017-Mar 2019 or FY 2019-20 to FY 2021-22, will be restricted to Rs. 500.

"Understanding Credit and Debit Notes : What you need to know "
Thread🧵 Specific scenarios where Credit note can be issued

Many times we face issues while getting gst registration like application rejected or gst get cancelled after registration
Here is a detailed thread 🧵 on provisions and various judgements on it ⚫️ RELATED PROVISION
🔸As per Rule 8(4) of CGST Rules 2017, using ref no applicant submit application electronically along with document specified in common portal

We face detention, confiscation and seizure of goods and conveyance.
here is detailed flow chart showing procedure to be carried out by departement during interception in the form of thread🧵

Many times businesses face detention due to expiry of e -way bill and non extension of eway bill.
In these cases officers invoke penalty of section 129 and sometimes even section 130 confiscation is invoked
Here is a detailed thread 🧵 on provisions and various judgements on it ⚫️ RELATED PROVISION
🔸2nd proviso to rule138(10) provides that where, under circumstances of an exceptional nature, including transshipment,the goods cannot be transported within the validity period,the transporter may extend the validity after updating the details in PartB

Many times businesses face detention of vehicle by officer while supplying goods ,even valid invoice and eway bill is accompanied & Penalty under section 129 is initiated for every mistake
You can save that penalty if your mistake is covered in points mentioned in this thread🧵 As per Circular No. 64/38/2018-GST,In the situation mentioned below proceeding under section 129 may not be initiated and only penalty of rs 1000 (total CGST+SGST) imposed in Form GST DRC-07 for every consignment