GST & Customs

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July 15, 2024

CBIC Issued Clarification on Taxability and Valuation of Supply of Services of Providing Corporate Guarantee Between Related Persons

Circular No. 225/19/2024 – GST … Continue reading “CBIC Issued Clarification on Taxability and Valuation of Supply of Services of Providing Corporate Guarantee Between Related Persons”

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July 15, 2024

CBIC Issued Clarification Regarding Processing of Refund Applications Filed by Canteen Stores Department

Circular No. 227/21/2024 – GST … Continue reading “CBIC Issued Clarification Regarding Processing of Refund Applications Filed by Canteen Stores Department”

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July 15, 2024

CBIC Issued Guidelines for Recovery of Outstanding Dues in Cases Wherein First Appeal Has Been Disposed Of

Circular No. 224/18/2024 – GST … Continue reading “CBIC Issued Guidelines for Recovery of Outstanding Dues in Cases Wherein First Appeal Has Been Disposed Of”

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July 15, 2024

Mechanism for Refund of Additional IGST Paid on Account of Upward Revision in Price of Goods Subsequent to Exports | Circular

Circular No. 226/20/2024 – GST … Continue reading “Mechanism for Refund of Additional IGST Paid on Account of Upward Revision in Price of Goods Subsequent to Exports | Circular”

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July 12, 2024

CBIC Issued Central Goods and Services Tax (Amendment) Rules, 2024

Notification No.12/2024–Central Tax dated July … Continue reading “CBIC Issued Central Goods and Services Tax (Amendment) Rules, 2024”

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July 12, 2024

CBIC Exempts Filing of Annual Return for Taxpayers Having Turnover Up to 2 Crores for FY 23-24

Notification No.14/2024–Central Tax dated July … Continue reading “CBIC Exempts Filing of Annual Return for Taxpayers Having Turnover Up to 2 Crores for FY 23-24”

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July 12, 2024

ECOs to Collect 0.5% TCS on Net Value of Taxable Supplies Made Through It by Other Suppliers | Notification

Notification No.15/2024–Central Tax dated July … Continue reading “ECOs to Collect 0.5% TCS on Net Value of Taxable Supplies Made Through It by Other Suppliers | Notification”

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July 24, 2024

Analysis of Circulars Issued Post 53rd GST Council Meeting – Taxability | Place of Supply | ITC

During the 53rd GST Council … Continue reading “Analysis of Circulars Issued Post 53rd GST Council Meeting – Taxability | Place of Supply | ITC”

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July 11, 2024

[Opinion] Input Tax Credit and Commercial Expediency | A Comparative Analysis With Income Tax Jurisprudence

Vinay Shraff – [2024] 164 … Continue reading “[Opinion] Input Tax Credit and Commercial Expediency | A Comparative Analysis With Income Tax Jurisprudence”

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July 11, 2024

HC Set Aside Order and Directed AO to Provide Opportunity to Assessee to Establish That Only Eligible ITC Was Claimed

Case Details: Contemporary Leather (P.) … Continue reading “HC Set Aside Order and Directed AO to Provide Opportunity to Assessee to Establish That Only Eligible ITC Was Claimed”