By Mandar Telang | Mrinal Mehta, Hon. Jt. Secretaries
1. Indirect Tax Laws Study Circle Meeting on “Section 74 Notices Under GST: Demands, Defenses & Dilemmas" held on Tuesday, 16th September, 2025 @ Virtual.
Group leader CA. Ganesh Prabhu Balakumar prepared five case studies covering various aspects of Section 74 of the CGST Act.
The presentation covered the following aspects with the background of the applicability of section 74 for detailed discussion:
- Issues relating to the classification of drones, procedural aspects of inspection proceedings u/s section 67 of the CGST Act, and whether misclassification may lead to suppression.
- Aspects relating to RCM on import of services, implications of treatment of transactions in the books of accounts and allegations of suppression.
- Whether every mismatch or lapse, classification differences, return reconciliations, delayed RCM, and ITC mismatches amount to fraud, wilful misstatement and suppression u/s 74, or should they be treated as clerical and interpretational errors u/s 73.
Around 102 participants from all over India benefited while takin
