Goods and Services Tax : Exporters face IGST refund restrictions due to FOB vs CIF valuation differences. Learn how GST law affects tax refunds on export t...
CA, CS, CMA : Comprehensive summary of income tax, GST, customs, SEBI, DGFT, EPF, and SC rulings from notifications and circulars issued between...
Goods and Services Tax : Explore tax implications of intermediary services under IGST Act, including place of supply, inter-state supply, and export of ser...
Goods and Services Tax : Omission of Rule 96(10) under Notification 20/2024-Central Tax offers relief to exporters claiming IGST refunds, easing refund pro...
Goods and Services Tax : Learn about the TDS provisions under GST for metal scrap, applicable from October 2024, covering thresholds, rates, and filing req...
Custom Duty : The government exempts import duties on specific life-saving drugs for rare diseases under set conditions. Learn about eligibility...
Goods and Services Tax : Details on GST/IGST collection over five years and state-wise compensation released. Discussion on GST on health insurance also in...
Goods and Services Tax : Overview of GST collections and compensation to states in 2024, including deliberations on GST rates for health insurance....
Goods and Services Tax : Explore the details of CGST, SGST, and IGST collected, IGST settlement to states, and an in-depth study on GST revenue growth. Ins...
Goods and Services Tax : Standard Operating Procedures for Monitoring Ineligible IGST Input Tax Credit Reversal by Taxpayers in Return Form GSTR 3B (SOP-1/...
Service Tax : CIT (Appeals) held that assessee qualified as an ‘intermediary,’ making the services rendered ineligible for classification as...
Goods and Services Tax : Bombay High Court held that when the petitioner satisfied the requirements of Section 31(3)(d) of the CGST Act denial of input tax...
Goods and Services Tax : Gujarat High Court allows GST refund on ocean freight paid under RCM after the relevant notification was struck down, rejecting ti...
Goods and Services Tax : Integrated Goods and Services Tax ( IGST ) on ocean freight could not be levied on Free on Board ( FOB ) transactions also as on...
Goods and Services Tax : Supreme Court admits SLP challenging Delhi High Court's ruling on adjustment of interest against IGST refund claim under Section 7...
Goods and Services Tax : Corrigendum issued for Notification 05/2025 - Integrated Tax (Rate), correcting references in the Gazette of India dated 16th Janu...
Goods and Services Tax : Notification 08/2025 amends the IGST Act to redefine "specified premises," aligning with earlier provisions, effective from April ...
Goods and Services Tax : Notification 07/2025 revises Integrated Tax rates by excluding body corporates from certain provisions under the GST framework, ef...
Goods and Services Tax : Notification 06/2025 updates integrated GST with exemptions for motor accident insurance and NSDC-approved training partners, effe...
Goods and Services Tax : Notification 05/2025 revises GST rules for hotel premises. Includes updated "specified premises" definitions, declaration processe...
Schedule II of CGST Act 2017 determines the list of activities to be considered as supply of goods/Services and as per entry at Sl No. 1 of schedule II , any transfer of the title in goods is a supply of goods and liable to GST. In response of query by M/s. Automative Components Technolory […]
In re Fom Aluminium Machines Pvt. Ltd. (GST AAR Karnataka) The third question which reads as ‘Is IGST paid under RCM eligible for ITC?’ The levy of IGST is only on the inter-state supplies and importation of goods/services is treated as inter-state supply, in terms of Section 7(2)/7(4) of the IGST Act 2017 respectively. The […]
High Court observed that as per the definition of ISD under Section 2(61) of CGST Act and facts of the present case, it is not possible for a supplier of goods and services to file a refund application to claim refund of input tax credit distributed by ISD.
Before analyzing the above provisions we should first know that a supplier is liable to pay correct type of tax i.e. IGST or CGST & SGST. The Supplier is liable to pay correct tax. If he paid tax incorrectly he may be penalized.
DGGI (Hqrs.) booked a case on 06.03.2020 against M/s Aastha Apparels Pvt Ltd & others. Aforesaid companies have fraudulently claimed IGST refunds on export of goods to the tune of more than Rs. 61 Crores.
In re M/s. Penna Cement Industries Limited (GST AAR Telangana) In case of ex-factory inter-State sales affected by the applicant, the goods are made available by the supplier to the recipient at the factory gate, but this is not the point where movement terminates since the recipient subsequently assumes the charge for transportation of the […]
Freight paid to the shipping liners or shipping companies for the transportation of export goods and imported goods through Sea is called as ocean freight. The levy of tax on Ocean freight is not a new concept. The legacy of tax statute has been continued in the GST regime, on Ocean freight or transportation of goods by sea was a taxable service leviable to Service Tax with effect from 1st March 2016.
IGST refund allowed even if CG imported under EPCG Scheme for the period of July 1, 2017 to October 12, 2017 The Hon’ble HC, Gujarat in the matter of M/S Prince Spintex Pvt Ltd v. Union of India [R/Special Civil Application No. 20756 of 2018 dated February 3, 2020] allowed refund of IGST paid on […]
The Hon’ble HC, Jharkhand in the matter of Shree Nanak Ferro Alloys Pvt. Ltd. vs. Union of India [W.P.(T) No. 2246 of 2019 dated December 18, 2019] directed the Petitioner to deposit the amount of Rs. 41,98,642/-, under the Integrated Goods and Service Tax (“IGST”) head, towards the liability of September, 2017 and quashed the […]
Gokul Agro Resources Ltd. Vs Union of India (Gujarat High Court) In the given case the HC have reached to the conclusion that no tax is leviable under the Integrated Goods and Services Tax Act, 2017, on the ocean freight for the services provided by a person located in a non-taxable territory by way of […]
