Blogs

1. Hon’ble Supreme Court of India granted stay on order passed by first appellate authority, resulting in petitioner to pay back the already sanctioned refund, after observing that the Goods and Services Tax Appellate Tribunal (“GSTAT”) is not yet made functional. 2. GSTAT is a second appellate forum where taxpayers are allowed to file appeal […]

Recently, Hon’ble Allahabad High Court in the case of M/S Eco Plus Steels Pvt. Ltd Versus State of U.P and 3 others reported as 2024 (4) TMI 291 discussed the question “whether mere presence of additional stock would result in confiscation and subsequent penalty” and held that it cannot so result because section 130 deals with point of

Recently, Hon’ble Delhi High Court in the case of Larsen and Toubaro Limited and Passavant Energy and Environment GMBH JV V/s Commissioner of Delhi Goods And Service Tax And ANR. reported as 2024 (4) TMI 160 held that proper officer committed an error in law of not appreciating detailed reply filed by petitioner to show cause notice

The DGFT, through its Notification No. 26/2023 dated 4th August 2023, has amended the Notification No. 23/2023 dated 3rd August 2023 which has been notified for the restrictions on the import of specific items, including Laptops, Tablets, All-in-one Personal Computers, and Ultra small form factor Computers, Servers under HSN 8471.   To know more, read in detail the given update

The DGFT, through its Notification No. 23/2023 dated 3rd August 2023, has imposed restrictions on the import of specific items, including Laptops, Tablets, All-in-one Personal Computers, and others. To know more, read in detail the given update below: What does this restriction mean? This restriction means placing certain goods under the “Restricted Category,” thereby requiring importers to

GST Council has examined the much debated issues of cross-charge and distribution of ITC in respect of common input services (like advertisement services, marketing services, audit services etc.) by one office of an organization to another office of that organization in another State. This issue has been clarified through the Circular No. 199/11/2023-GST dated 17th July 2017.   To

The GST Council has examined the issue in respect of applicability of e-invoice under rule 48(4) of Central Goods and Services Tax Rules, 2017 w.r.t supplies made by a registered person, whose turnover exceeds the prescribed threshold for generation of e-invoicing, to Government Departments registered solely for the purpose of deduction of tax at source

The GST Council has examined the issue in respect of GST liability as well as liability to reverse ITC against the supplies of replacement of parts and repair services during the warranty period without any consideration from the customers. This issue has been clarified through Circular No. 195/07/2023-GST dated 17th July 2023.   To know more, read in detail the

The GST Council has examined the issue that whether the holding of shares in a subsidiary company by the holding company will be treated as ‘supply of service’ under GST and will be taxed accordingly or whether such transaction is not a supply through the Circular No. 196/08/2023-GST dated 17th July 2023 and clarified the same.   To know more,

The GST Council has examined the issue of chargeability of interest u/s 50(3) of the CGST Act, 2017 in the cases where IGST credit has been wrongly availed and reversed later. The clarification for the same has been issued through the Circular No. 192/04/2023-GST dated 17th July 2023.   To know more about the clarifications, read in detail the