The issue of IGST on ocean freight was debated and litigated in the past and had divergent rulings. In order to end the dispute on taxation on ocean freight in the CIF contract, the CBIC vide Notification Nos. 11/2023, 12/2023, 13/2023-Integrated Tax (Rate), all dated September 26, 2023 made the following changes:
GST DAILY – 100 – 10 Important Things to remember for E-Invoicing
Every supplier who meets the turnover limit has to compulsorily take Registration for E-invoicing.
GST DAILY – 99 – Govt exempts 5% integrated GST on ocean freight imports from 1st October
The Finance Ministry has notified changes to the IGST Act with regard to payment of integrated GST on ‘ocean freight’ on imported goods with effect from October 1.
Gujarat High Court Ruling: Amendment of Shipping Bills and Refund of IGST in Export Transactions
In a recent judgment, the Gujarat High Court in the case of Forward Crop Protection (P.) Ltd. v. Union of India addressed the issue of refund of IGST in the context of export transactions and the application for the amendment of shipping bills.
Advisory: Temporary /Short Period Pause in e-Invoice Auto Population into GSTR-1
27/09/2023 Dear Taxpayers, Thanking you,Team GSTN Source: GSTN
GST DAILY – 97 – Non-Reflection of Input Tax Credit in GSTR-2A is not a sufficient ground to deny ITC
Where petitioner’s can claim ITC even if Non-Reflection in GSTR-2A?
GST Daily – 98 – No anticipatory bail to a professional who is accused of forgery and GST evasion
Whether the professional who is suspect in evasion of tax under GST can seek anticipatory bail?
Credit cannot be denied even if assessee made mistake filed in TRAN-1 twice
The Hon’ble Madras High Court quashed the order passed by the Adjudicating Authority and held that the credit that was validly availed cannot be denied, even if there were mistakes in the TRAN-1 returns filed twice.
Webinar : Registration under GST Act, 2017
Webinar on topic : Registration under GST Act, 2017 by CMA Anil Sharma
Clarification on e-Invoicing for Government Supplies
GST Policy Wing has issued the clarification on the applicability of the e-invoicing to the supplies made to the Government departments or agencies