A. GST Article
1. Bombay HC affirmed that Apex Court’s ruling on both ‘ocean freight’ applies to both CIF and FOB contracts.
Hon’ble Bombay HC affirmed that the Apex Court’s ruling on ‘ocean freight’ applies to both CIF and FOB contracts. Read more
2. If tax liability including interest has been paid subsequently SCN cannot be issued
The Hon’ble Telangana High Court in the case of Rays Power Infra Pvt. Ltd. held that if the taxpayer clears all the tax liability along with interest at any day, prior to the issuance of show cause notice, they would not liable for any further additional taxes by way of penalty or interest and the proceedings will be considered concluded. Read more
3. Assessee is entitled to stay on recovery proceedings when Appellate Tribunal is not constituted
The Hon’ble Orissa High Court in the case of M/s. BPD Steel Syndicate (P.) (Ltd.), allowed the writ petition and stayed the recovery proceedings initiated by the Revenue Department as per the Appellate Order till the time of the constitution of the Appellate Tribunal on the ground that the Appellate Tribunal has not been constituted. Read more
B. GST Notes/Lawgics
4. Lawgics – Judgment No. 111
Perusal of SCN shows that the Department has given separate headings i.e., under declaration of output tax; excess claim Input Tax Credit [“ITC”] and ITC claimed from cancelled dealers, return defaulters and tax non payers. To the said Show Cause Notice, a detailed reply was furnished by the petitioner giving disclosures under each of the heads. Read more
C. GST in Media
5. Online gaming industry plans to approach new government for reduction in GST
The online gaming industry plans to approach the new government after the general elections to request a reduction in Goods and Services Tax (GST). They propose that the tax be computed on the Gross Gaming Revenue (GGR) instead of the full face value. This proposal is based on the belief that the current high tax rate is unsustainable for startups in the sector. Read more
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