Impact of Supreme Court’s Westinghouse judgment on rate of GST on automobile & railway parts In recent judgment of Supreme Court in the case of Westinghouse Saxby Farmer Ltd. v. CCE, Calcutta, 2021-VIL-33-SC-CE, the Apex Court held that ‘Relays’ used in railway...
Input Tax Credit of GST when tax not paid by supplier Seamless flow of Input Tax Credit (‘ITC’) was one of the intended objective behind introduction of Goods & Services Tax (‘GST’) regime. With three and a half years down the line, many issues on availment of ITC...
Short Video :: Attachment of Bank Account and Blocking of Electronic Credit Ledger Amidst significant loss of GST revenues of the Government owing to COVID-19 pandemic, the Department has been undertaking recoveries at full throttle. Apart from conventional ways of...
Classification of Fruit juice-based drinks – Part II We apprised you regarding investigations being undertaken by DGGI classifying Fruit juice-based drinks under Tariff Item 2202 10 20 or 2202 10 90 and levying GST of 40 percent (including Compensation Cess) and...
Mismatch between Shipping Bill and GST returns in ICEGATE Background After introduction of GST, Government made necessary changes in format of Shipping Bill to incorporate details of tax invoice issued under GST law. Presently, Shipping Bill incorporates all major...
Clarifications regarding QR Code on B2C Invoices Recent Circular No. 146/02/2021 – GST dated February 23, 2021 clarifying important aspects relating to applicability of Dynamic Quick Response (‘QR’) Code on B2C invoices for taxpayers having turnover of more than Rs....
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