New Initiatives under Customs Turant Scheme We informed about reforms brought under the flagship Customs Turant Scheme such as electronic communication of Shipping Bill & e-Gatepass and faceless e-assessment at Bengaluru and Chennai. Vide Circular No. 32/ 2020-...
High Court holds transitional credit can be carried forward only within stipulated time limit (after retrospective amendment) In another twist to tale of transitional credit, the Madras High Court in the case of P.R Mani Electronics v. UOI, 2020-VIL-308-MAD has held...
Judgment Update | Larger Bench of CESTAT holds foreclosure charges not exigible to Service Tax This is to apprise you regarding recent decision of Larger Bench of CESTAT in the case of REPCO Home Finance Limited v. Commissioner, 2020-VIL-309-CESTAT-CHE-ST. The Larger...
Judgment Update | Classification of alcohol-based Hand Sanitizers under GST This is to apprise you on recent ruling of the Authority for Advance Ruling, Goa (‘AAR’) in the case of Springfields (India) Distilleries, 2020-VIL-188-AAR. The AAR held that alcohol-based...
Relief for declaring ‘Symbol of Units’ for mentioning net quantity on packages under the Legal Metrology law This is to apprise you regarding an advisory dated April 30, 2020 (‘Advisory’) issued by the Legal Metrology Division, Ministry of Consumer Affairs. Rule 6(c)...
Judgment Update | Liability to pay GST on Maintenance and Repair Contract executed by Foreign Company in India This is to apprise you of recent ruling of the Authority for Advance Ruling (‘AAR’), West Bengal in the case of IZ-Kartex named after P G Korobkov Limited,...
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