"At Abhishek Chopra & Associates (ACA), we're not just another firm; we're a dynamic and forward-thinking team, poised to guide you through the ever-evolving realm of indirect taxation. Our mission is simple yet powerful: to deliver exceptional expertise and unparalleled service in the fields of GST, Customs, Foreign Trade Policy, Export Incentives, and more"
The article examines whether ITC on solar power generating plants is available when electricity is used captively for manufacturing taxable goods. It explains why captive consumption may not qualify as exempt supply under GST law.
The article explains that normal manufacturing loss caused by shrinkage, evaporation, or processing does not automatically require ITC reversal under Section 17(5)(h) of the CGST Act. Courts have treated such losses as inherent to manufacturing activities.
Analyzing Supreme Court’s decision on ITC for construction in UOI vs Safari Retreat, focusing on Section 17(5)(d) of CGST Act and its implications.
Explore the recent CESTAT judgment on Chiripal Poly Films Ltd.’s alleged violation of the pre-import condition. Key insights on interest, penalties, and legal interpretations.
Discover key GST reforms from Budget 2024 including scope of supply, ITC amendments, and new penalty provisions aimed at simplifying compliance and reducing litigation.
Explore the complexities and implications of the pre-import condition under Notification 79/2017 in Indian customs law, highlighted by the Cosmo Films Ltd. case.
Explore insights into navigating challenges with GST refunds for exporters in India, focusing on Rule 89(4) and Rule 89(4B). Learn from the Filatex case and strategies for dispute resolution.
Exports are a crucial component of economic growth and development of any country. They are catalyst in expansion of markets, diversify their economies, improve their balance of trade, and promote international cooperation. As such, countries that invest in developing their export capacity are likely to reap significant benefits in terms of economic growth and prosperity.
It is a well know policy of government that goods or services can be exported but taxes should not be exported. Under GST law exports of goods and services are treated as Zero rated supply which entitles an exporter to claim refund in terms of Section 16(3) of IGST Act, 2017. He may either claim […]
In the Union Budget 2019-20, the Hon’ble Finance Minister announced the ‘Sabka Vishwas-Legacy Dispute Resolution Scheme, 2019’. The Scheme has now been notified and will be operationalized from 1st September 2019. The Scheme would continue till 31st December 2019.
