Goods and Services Tax : IGST refunds are not available when exports are made under LUT/Bond without tax payment. The clarification highlights eligibility ...
Goods and Services Tax : The amendment shifts the place of supply to the recipient’s location, allowing intermediary services to qualify as exports. This...
Goods and Services Tax : The issue was place of supply for intermediary services under GST. The amendment shifts it to the recipient’s location, enabling...
Goods and Services Tax : The Bombay High Court ruled that GST portal limitations cannot override Section 18(3) of the CGST Act. It allowed transfer of CGST...
Goods and Services Tax : The Karnataka High Court ruled that clinical-trial and pharma R&D services to foreign clients qualify as export of services. It he...
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/...
Custom Duty : The authority held that bulk drugs, including APIs, fall within the definition of drugs under applicable laws. Consequently, IGST ...
Goods and Services Tax : The Gujarat High Court directed refund of IGST paid under Entry No.10 of Notification 10/2017 after it was declared ultra vires th...
Goods and Services Tax : The High Court held that omission of Rule 96(10) without a saving clause applies to all pending cases. Refund claims for IGST paid...
Custom Duty : CESTAT Mumbai set aside a differential IGST demand, holding that CBIC’s beneficial circular clarifying 12% GST on poultry machin...
Goods and Services Tax : The courts held that interest and penalties on IGST imports cannot be imposed without explicit legal provision. Amendments grantin...
Goods and Services Tax : GST Portal revises interest computation in GSTR-3B, factoring minimum cash ledger balance and auto-populating non-editable interes...
Goods and Services Tax : Finance Ministry notifies DGGI ADG as nodal officer under IT Rules and designates Afcom Holdings as Indian carrier under Central S...
Income Tax : The Budget 2026 changes overhaul customs duty structures by moving rates into the tariff and pruning exemptions. The key takeaway ...
Goods and Services Tax : Biris are specifically classified in the 18% schedule, separate from other tobacco items. This creates a distinct IGST treatment f...
Goods and Services Tax : Finance Ministry revises IGST rules; new notification updates the definition of “Nominated Agency” effective from November 1, ...
Comprehensive summary of income tax, GST, customs, SEBI, DGFT, EPF, and SC rulings from notifications and circulars issued between 13-19 January 2025.
Notification 08/2025 amends the IGST Act to redefine “specified premises,” aligning with earlier provisions, effective from April 2025.
Notification 07/2025 revises Integrated Tax rates by excluding body corporates from certain provisions under the GST framework, effective January 2025.
Notification 06/2025 updates integrated GST with exemptions for motor accident insurance and NSDC-approved training partners, effective April 1, 2025.
Notification 05/2025 revises GST rules for hotel premises. Includes updated “specified premises” definitions, declaration processes, and compliance requirements.
Notification No. 04/2025 increases IGST rate from 12% to 18% on sales of old and used vehicles, including EVs, effective immediately.
Food inputs used in ICDS schemes are exempt from Integrated GST under Notification No. 03/2025. Effective from 16th January 2025.
Notification No. 02/2025 adds Gene Therapy to IGST exemptions and updates the definition of ‘pre-packaged and labelled’ goods, effective immediately.
Notification No. 01/2025 revises IGST rates for Fortified Rice Kernel (FRK) and redefines ‘pre-packaged and labelled’ goods under the IGST Act, effective immediately.
Notification designates DGGI-Hq official as nodal officer under IGST Act Section 14A(3) per IT Act and Intermediary Guidelines. Effective January 6, 2025.
