CBIC Clarification, Supply Of Import Of Services By Related Person Where Recipient Is Eligible To Full ITC

The Central Board of Indirect Taxes and Customs (CBIC) has issued the clarification on valuation of supply of import of services by a related person where recipient is eligible for full input tax credit.The Board has received the representations from trade and industry stating that demands are being raised by some of the field formations against the registered persons seeking tax on...

CBIC Clarification On Time Of Supply Of Spectrum Usage Services Under GST

The Central Board of Indirect Taxes and Customs (CBIC) has issued the clarification on time of supply of services of spectrum usage and other similar services under GST.The Board has received the representations from the trade and the field formations seeking clarification regarding the time of supply for payment of GST in respect of supply of spectrum allocation services in cases where...

CBIC Clarifies GST Council Recommendation On Special Procedure For Manufacturers

The Central Board of Indirect Taxes and Customs (CBIC) has issued clarification on various issues pertaining to special procedure for the manufacturers of the specified commodities as per Notification No. 04/2024 - Central Tax dated 05.01.2024.Based on the recommendation of 50th GST Council meeting, a special procedure was notified vide Notification No. 30/2023-Central Tax dated 31.07.2023 to...

Different Billing And Delivery Address By E-Commerce Portals, CBIC Clarification On Place Of Supply

The Central Board of Indirect Taxes and Customs (CBIC) has issued the clarification on the provisions of clause (ca) of Section 10(1) of the Integrated Goods and Service Tax Act, 2017 relating to the place of supply of goods to unregistered persons.Clause (ca) has been inserted in Section 10(1) of the Integrated Goods and Services Tax Act, 2017 with effect from 01.10.2023. The provision has...

Time Limit For RCM Supplies From Unregistered Persons For ITC To Be Calculated From Issuance Of Invoice, Clarifies CBIC

The Central Board of Indirect Taxes and Customs (CBIC) has issued the clarification on time limit under Section 16(4) of CGST Act, 2017 in respect of RCM supplies received from unregistered persons.The Board has received the representations from trade and industry seeking clarity on the applicability of time limit specified under section 16(4) of Central Goods & Services Tax Act, 2017 for...

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Certificates By CA/CMA To Be Treated As Suitable & Admissible Evidence For Section 15(3)(B)(ii): CBIC

The Central Board of Indirect Taxes and Customs (CBIC) has prescribed the mechanism for providing evidence of compliance of conditions of Section 15(3)(b)(ii) of the CGST Act, 2017 by the suppliers.In cases where the discounts are offered by the suppliers through tax credit notes, after the supply has been effected, the said discount is not to be included in the taxable value only if...

Reduction In Govt. Litigation: CBIC Fixes Monetary Limits For Filing Appeals/Applications Before GSTAT, High Courts And Supreme Court

The Central Board of Indirect Taxes and Customs (CBIC) with the objective of reduction in government litigation fixed the monetary limits for filing appeals or applications by the Department before the Goods and Service Tax Appellate Tribunal (GSTAT), High Courts and Supreme Court.The Board referred to the National Litigation Policy which was conceived with the aim of optimising the...

Banning Hijab On College Campus Is In Larger Academic Interest, To Avoid Disclosure Of Religion: Bombay High Court While Dismissing Students' Plea

The Bombay High Court on Wednesday observed that the dress code prohibiting students from wearing hijab, nakab, burka, stole, cap etc. on the campus of a Mumbai college is in students' larger academic interest.A division bench of Justice AS Chandurkar and Justice Rajesh S Patil while dismissing a writ petition against the dress code by nine female students NG Acharya and D. K. Marathe College...

'Anti-People, Undemocratic & Draconian': West Bengal Bar Council Declares 'Black Day' Protest On 1st July Against Implementation Of New Criminal Laws

The Bar Council of West Bengal has declared a 'Black Day' protest on 1st July, against the implementation of the three new Criminal laws by the centre, which would replace the Indian Penal Code, Evidence Act, and Criminal Procedure Code. As per resolution of the Council meeting dated 25.06.2024...the Members of the Council express their unanimous views regarding 1) Bharatiya Nyaya Sanhita,...

'Heat Wave Now Because We Lost Green Cover' : Supreme Court Directs Delhi Govt, DDA For Replantation Of Trees

The Supreme Court on Wednesday (June 26) directed the Delhi Government and the Delhi Development Authority (DDA) to take effective steps in enhancing the green cover of the National Capital amidst the extreme heat wave that the public is suffering from. The Court also directed the implementation of the recommendations of a 3-member expert committee appointed earlier on May 16 to look into...

NEET-UG 2024 | 2 Candidates Approach Supreme Court Against Re-NEET, Says It's Unfair To Scrap Entire Exam For Mischief By Few

In relation to the NEET-UG 2024 controversy, two students who appeared for the exam have filed an intervention application opposing the reconducting of 2024 examination. Applicants/Interveners Ms Kritika Garg and Ms Priyanjali Garg have argued that students who have prepared for years should not be subjected to the ordeal of rewriting the examination. They said that this would not only...