GST Department Asks HDFC, ICICI To Attach Awfis’ Bank Accounts

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SUMMARY

Awfis said it has received copies of orders from Mumbai’s joint commissioner of state tax directing the banks to attach the accounts under Section 83 of CGST Act, 2017

Awfis clarified that the amount was initially availed and then reversed in GSTR-3B of FY24. It was later reclaimed in October following a Supreme Court decision

Owing to the amendments introduced under the CGST Act this month, Awfis said it has decided to reverse the amount

The GST department has asked HDFC Bank and ICICI Bank to provisionally attach…



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GST Department Asks HDFC, ICICI To Attach Awfis’ Bank Accounts


SUMMARY

Awfis said it has received copies of orders from Mumbai’s joint commissioner of state tax directing the banks to attach the accounts under Section 83 of CGST Act, 2017

Awfis clarified that the amount was initially availed and then reversed in GSTR-3B of FY24. It was later reclaimed in October following a Supreme Court decision

Owing to the amendments introduced under the CGST Act this month, Awfis said it has decided to reverse the amount

The GST department has asked HDFC Bank and ICICI Bank to provisionally attach…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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