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- Jul 31, 2023
- 3 min
Clarification on Charging of Interest for Wrong Availment of IGST Credit
Introduction: The Indian Goods and Services Tax (‘GST’) system, established in 2017, has witnessed continuous refinement and...
- Jul 31, 2023
- 3 min
[SC] Person Summoned Under S. 69 of the CGST Act Cannot Seek Anticipatory Bail Under S. 438 of CrPC
India's Supreme Court clarifies that CGST Act summonses exclude anticipatory bail under CrPC.
- Jul 31, 2023
- 4 min
No Penalty for Innocent Facilitation of Improper Importation: Delhi High Court Sets Precedent
Introduction The present case of Rajeev Khatri v Commissioner of Customs[i] involves an appeal filed before the High Court of Delhi ('the...
- Jul 29, 2023
- 3 min
The Andhra Pradesh High Court Upholds the Constitutional Validity of S. 16(4) of the CGST Act
Introduction The Andhra Pradesh High Court (‘Court’), in the case of Thirumalakonda Plywoods v. Assistant Commissioner,[i] examined the...
- Jul 29, 2023
- 4 min
IBC overrides Electricity Act: Supreme Court Reinforces IBC’s Waterfall Mechanism
In a landmark ruling, the SC emphasizes the supremacy of IBC’s provisions over the Electricity Act, impacting asset liquidation priorities.
- Jul 28, 2023
- 2 min
CBIC Guidelines for Dealing with Input Tax Credit Discrepancies
The Central Board of Indirect Taxes and Customs (‘CBIC’) has recently issued a significant circular numbered 193/05/2023-GST on July 17,...
- Jul 28, 2023
- 3 min
[CESTAT - Hyderabad] Penalty Cannot Be Imposed on Custom Brokers Merely on the Basis of an Uncorroborated CBI Report
CESTAT: Penalties on Custom Brokers require concrete evidence, not just an uncorroborated CBI report, rules Hyderabad Tribunal.
- Jul 28, 2023
- 3 min
Government Circular Clarifies TCS Liability for Multiple E-Commerce Operators
The Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes and Customs (‘CBIC’) has issued Circular No. 194/06/2023...