Please click on the below link to NITYA | Indirect Tax Bulletin | January 2023 | Week 1 (Legal Precedents, Other Updates, Articles, Short Videos and Recent News) covering all recent updates.

NITYA I Indirect Tax Bulletin I January 2023 I Week 1

In this Weekly Bulletin, we have captured following:

Rulings

• Levy of interest and penalty on Inverted Duty refund of ITC on input services
• Single refund application to be filed for each GSTIN, supplementary claim not permitted
• Issuance of DRC-01 and DRC-01A not mandatory
• Restaurant service does not cover sale of bought-out food items
• Composite Supply v. Mixed Supply
  • Supply of pencils with sharpeners and erasers
  • Right to use car parking space along with construction services

Hope you find this an interesting read! Please feel free to share your comments / feedback.