Ambiguity and delay in any dispute resolution mechanism is undesirable for any system including taxation. Ever since the introduction of GST more than four years ago, we have seen a steep rise in litigation mainly due to the reason of ambiguous legal provisions. Further, consequent to non-constitution of an Appellate Tribunal, the first level of appellate decisions is accumulating against assessees who are awaiting setting of the Appellate Tribunal in order to provide clarity or decisions on various issues.
Source: mondaq.com
Latest Posts in "India"
- When Supplier Defaults, Recipient Loses GST ITC: Conflicting High Court Rulings and Legal Analysis
- GSTN Launches Offline Invoice Management System (IMS) Tool; Issues Detailed User Advisory
- SEBI Asks GST Council to Resolve Tax Issues in Physically Settled Commodity Derivatives
- No Reverse Charge Demand if Service Provider Has Fully Paid Service Tax: CESTAT Hyderabad
- Bombay High Court: GST Not Applicable on Complete Assignment of Leasehold Rights as Sale
