NITYA | Indirect Tax Bulletin | November 2023 | Week 2 & 3

by | Nov 24, 2023 | Indirect Tax Bulletin

Please click on the below link to NITYA | Indirect Tax Bulletin | November 2023 | Week 2 & 3 (Legal Precedents, Other Updates, Articles, Short Videos and Recent News) covering all recent updates.

NITYA I Indirect Tax Bulletin I November 2023 I Week 2 & 3

In this Weekly Bulletin, we have captured following:

Rulings

• GST Council can only recommend but cannot determine classification
• ITC eligibility on by-products generated during manufacture of goods under UP VAT Act
• Eligibility for inverted duty structure refund in case of multiple inputs and outputs
• Refund of GST on supplies made to SEZ
• Consistency in customs classification across Customs ports

Other Updates

• ITC reversal on non-payment of tax by supplier
• Amendment in Bill of Entry after Out-of-Charge (OoC)
• Non-applicability of monetary limits for filing appeals by the Revenue before the CESTAT, the High Courts & the Supreme Court

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