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‘In exercise of the powers conferred by sub-section (5) of section 5 of the Central Sales Tax Act, 1956, the Central Government hereby specifies SNV Aviation Private Limited (Akasa Air) having its registered office at 12th Floor, Urmi Estate, 95…
The Hon’ble Delhi High Court in the case of M/s. Indian Herbal Store Pvt. Ltd. vs. Union of India allowed the writ petition and held that the Rule 89(4)(C) of the GST Rules, would not have any retrospective application.
The Hon’ble Bombay High Court in Sunlight Cable Industries v. Commissioner of Customs quashed the order of the Revenue of not refunding Integrated GST pertaining to export sales and held that the order of Revenue does not have any factual backing that assessee has tried to avail double benefit by availing duty drawback and IGST refund.
The Hon’ble Delhi High Court in Alex Tour and Travel Pvt. Ltd. v. Assistant Commissioner, CGST directed the Revenue department to disburse the assessee’s refund claim along with interest as payable and held that, the Revenue cannot withheld assessee’s refund merely on account that it intends to file appeal before the GST tribunal that to when the Tribunal is not constituted.
The government is likely to extend the expanded duty remission scheme for exporters beyond the September deadline, providing relief to the pharmaceuticals, steel and chemicals sectors, said officials. The Remission of Duties and Taxes on Exported Products (RoDTEP) scheme was…
Hon;ble High Court has held that Rule 89 (4)(c) of the CGST Rules, 2017 which restricts the exports made without payment of tax to 1.5 times value of like goods supplied domestically is unconstitutional and ultra vires of the provisions of the GST law.
Letter of Undertaking (LUT) application for F.Y. 2023-24 can be filed any time now in GSTN.
The CESTAT, Chennai in M/s. Sri Velavan Logistics Services Private Limited v. The Commissioner of Customs [Customs Appeal No. 40352 of 2022 dated December 21, 2022] has held that the valuation of any goods could never be the domain of…
Exporters have asked for fiscal incentives, tweak in customs duties of some products and affordable credit rates in the forthcoming Budget in order to boost exports and create jobs. In a pre-budget virtual meeting with Finance Minister Nirmala Sitharaman, the…
The CESTAT, Kolkata in the matter of M/s Sethia Oils Ltd. v Commissioner of CGST & Excise, Kolkata North [Final Order No.75397/2022 dated July 13, 2022] has held that rejection of refund claimed by the exporter on flimsy grounds would…