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

NITYA I Indirect Tax Bulletin I October 2023 I Week 3

In this Weekly Bulletin, we have captured following:

• Rulings
  • Proof of actual movement of goods and genuineness of transaction to avail ITC
  • Applicability of time-limit on ITC of tax paid under RCM on employee secondment
  • Interpretation of Proviso to Rule 36(4) of the CGST Rules
  • Jurisdiction of State Tax officers to block CGST ITC
  • Parallel proceeding initiated by the Centre and the State Officers
  • Issuance of DRC-01A mandatory for period prior to amendment in Rule 142(1A) of the CGST Rules
  • Intent to evade tax as pre-condition for imposition of penalty

   

  Other Updates

  • Amendments in GST Notifications pursuant to 52nd GST Council Meeting
  • Restriction on ITC limit on taxpayers providing passenger transportation service
  • Revised All Industry Rates of Duty Drawback
  • Import of computers, laptops etc. under Chapter 84