Amended Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 The Government vide the Finance Act, 2019 has implemented the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 (‘Scheme’) for settlement of disputes of old Indirect Tax laws (excise and service tax)....
Updates on 38th GST Council Meeting Key decisions of 38th GST Council Meeting held on December 18, 2019. The relevant changes proposed by the Council, are as under:Legal ChangesRestriction on claim of Input Tax Credit: The restriction to claim Input Tax Credit (‘ITC’)...
Compensation not to be considered as ‘Toleration of an Act’ for levy of Service Tax The recent decision of CESTAT, Allahabad in the case of K.N. Food Industries Private Limited v. Commissioner, 2019-VIL-731-CESTAT-ALH-ST.In this case, the Appellant was performing...
Cash refund of pre-GST duties and taxes in lieu of Cenvat Credit post advent of GST The judgment of the Gujarat High Court in the case of Thermax Limited v. Union of India, 2019 (31) GSTL 60 (Guj.).In the instant case, the taxpayer exported the manufactured goods on...
Service Tax Implications on Notice Pay The recent decision of CESTAT Allahabad in the case of HCL Learning Limited v. Commissioner of CGST, Noida, 2019-VIL-739-CESTAT-ALH-ST.In this case, the authorities demanded Service Tax on the amount recovered by taxpayer from...
Refunds under GST- Latest Practice and Procedure Timely refund mechanism is essential in a tax administration as it facilitates trade through liquidation of working capital and modernization of existing business. The Government in recent times has made changes on its...
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