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:
Every supplier who meets the turnover limit has to compulsorily take Registration for E-invoicing.
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.
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.
27/09/2023 Dear Taxpayers, Thanking you,Team GSTN Source: GSTN
Where petitioner’s can claim ITC even if Non-Reflection in GSTR-2A?
Whether the professional who is suspect in evasion of tax under GST can seek anticipatory bail?
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 on topic : Registration under GST Act, 2017 by CMA Anil Sharma
GST Policy Wing has issued the clarification on the applicability of the e-invoicing to the supplies made to the Government departments or agencies