Rule 28: Value of Supply Between Distinct or Related Persons (Other Than Through an Agent)
Author shed some light on the valuation provision u/s 28 for related party transaction
Tag: rule 28 of cgst rules
Refund Cannot Be Denied by Disregarding Binding High Court Order where no stay or appeal is pending
The Hon’ble Delhi High Court in the case Thales India Private Limited held that the GST Department cannot refuse to process refund on the ground that it does not accept a binding High Court decision, especially when no stay or appeal exists.
CBIC’s clarification on Valuation; A Test of Promissory Estoppel?
Hon’ble SC recently reiterated that the doctrine of promissory estoppel does not apply to the exercise of legislative powers by the State; Here’s the extract;