The compendium explains the legal structure, jurisdiction, and appeal process of GSTAT as it becomes operational from 2026. It also highlights procedural burdens that may affect effective access to justice.
Guarantees—personal, corporate, and bank—play a crucial role in financial transactions, but under GST they attract different tax treatments. A guarantee involves a surety assuring a creditor of fulfilling obligations if the principal debtor defaults. Personal guarantees, usually provided by directors or individuals, fall under Schedule I as related-party supplies without consideration; however, due to RBI’s […]
Understand GST implications for High Sea Sales in India. Learn about taxability, valuation, and input tax credit, clarifying previous ambiguities.
Explore Section 41 of CGST Act and Rule 37A of CGST Rules concerning ITC eligibility when suppliers haven’t paid tax. Understand key changes and implications for taxpayers.
Learn about the GST Amnesty Scheme under Section 128A for Section 73 cases, offering waiver of interest and penalties for disputes from July 2017 to March 2020.
Explore the legal complexities post Supreme Courts Westinghouse judgement on goods classification in the Auto Industry. Analysis, implications, and CBIC instructions revealed.
Learn about GST liability cases under Forward and Reverse Charge Mechanism. Analysis of legal provisions for payment of taxes in specific situations.
Explore the implications of the Supreme Court’s judgment in the Cosmos Films case on the pre-import condition and its impact on exporters benefiting from the Advance Authorization scheme. The article analyzes Circular No.16/2023-Cus issued by the CBIC, aiming to provide clarity on recrediting/refunding taxes due to the judgment. Delve into the background of the Foreign Trade Policy amendments, the Gujarat High Court’s intervention, and the subsequent Supreme Court ruling.
Explore the new Amnesty Scheme under the Foreign Trade Policy 2023, allowing a one-time settlement for default in export obligations by Advance and EPCG authorization holders. Learn about the covered schemes, key highlights, eligibility, benefits, and the procedure for availing this significant relief provided by the Ministry of Commerce and Industry. Act now to address defaults and ensure compliance with the latest regulations.
Explore the Supreme Courts landmark judgment in the Ecom Gill case on Input Tax Credit (ITC) under GST. Uncover implications, legal analysis, and conditions for availing ITC. Stay informed about the burden of proof, the Karnataka VAT Act, and the comparison with GST laws.
