Please click on the below link to NITYA | Indirect Tax Bulletin | August 2023 | Week 3 (Legal Precedents, Other Updates, Articles, Short Videos and Recent News) covering all recent updates.

NITYA I Indirect Tax Bulletin I August 2023 I Week 3

In this Weekly Bulletin, we have captured following:

Rulings

• ITC not available where tax not paid by supplier
• Scope of goods, documents and things during search proceedings
• Validity of proceedings when SCN not adjudicated within specified time-limit
• Legal Metrology Law not applicable to goods sold in loose form
• Taxability of transactions relating to a Joint Venture

Articles 

• Clarification on foods and beverages supplies by Cinema Halls – A sweet and sour snack by our Partner, Deepak Suneja, Managing Associate, Mr. Nikhil Nagpal and Executive, Ms. Hetika Goyal
• Beyond the Circular | Warranty transactions clarified but critical nuts and bolts missing by our Partner, Deepak Suneja, Managing Associate, Mr. Rohit Kumar and Associate, Mr. Rishabh Galhotra