Judgement Update | Drawback cannot be demanded in the absence of machinery provision under Drawback Rules This update is to apprise you about the recent decision of the Punjab & Haryana High Court in the case of Famina Knit Fabs v. Union of India, 2019 (9) TMI 970...
AAR Update | Inclusion of purchase discount in value of supply to customers This is to apprise you about the recent Advance Ruling in the case of Santhosh Distributors, 2019-VIL-416-AAR issued by the Kerala Authority for Advance Ruling (‘AAR’). The AAR ruled that GST...
Recovery of Sanctioned Drawback – A Case of Missing Machinery Power to levy or collect tax should be rooted in the legislation and cannot be presumed. In specified cases, certain powers are conferred through delegated legislation. Any action by the Revenue which...
Imparting Justice under GST: Absolute Encroachment of Judicial Domain? In a landmark move, the Madras High Court vide its judgment in the matter of Revenue Bar Association v. Union of India, has struck down the provisions containing constitution and appointment of...
‘Sabka Vishwas’ Legacy Dispute Resolution Scheme: Too good to be true? The new Legacy Dispute Resolution Scheme – ‘Sabka Vishwas’ is live from September 1, 2019. The Scheme is a one-time measure for liquidation of past disputes of Central Excise and...
Taxability of Transfer of Development Rights – The Conundrum Continues Taxability of Transfer of Development Rights (‘TDR’) was a highly debated issue in the erstwhile regime. While the tax authorities claimed service tax on TDR, the taxpayers contested the same basis...
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