Indirect Tax Weekly Round-Up: 28 July To 3 August 2024

Supreme CourtGujarat Value Added Tax Act | 'Purchase Price' Definition Doesn't Include Value Added Tax : Supreme CourtCase Title: The State Of Gujarat Vs. M/S. Ambuja Cement Ltd.Citation : 2024 LiveLaw (SC) 544While Interpreting the definition of the 'Purchase Price' under the Gujarat Value Added Tax Act of 2003 (“GVAT”), the Supreme Court on Friday (August 2) observed that the value-added tax would not be included in the definition of the purchase price.Delhi High Court ITC Claimed On Alleged Fake Supplies; Delhi High Court Upholds Dept's Action In Provisionally Attaching Bank AccountCase Title: JV Creatives Pvt. Ltd. Versus Principal Additional Director General, DGGI, Gurugram Zonal Unit, Gurugram And AnrCitation: 2024 LiveLaw (Del) 859The Delhi High Court has upheld the Commissioner's action of provisionally attaching the petitioner's bank account, to the extent of Rs. 26.91 lakhs being the amount of input tax (ITC) claimed in respect of allegedly fake supplies.Bombay High CourtAssessment Order Need Not Contain Reference Disclosing Satisfaction On Each And Every Query: Bombay High CourtCase Title: Hemant Surgical Industries Ltd. Versus Union of IndiaThe Bombay High Court has held that it is not mandatory for assessment orders to contain reference and/or discussion to disclose its satisfaction in respect of each and every query raised.Karnataka High CourtUniversity Income From Rentals, Not Exempted From Service Tax: Karnataka High CourtCase Title: Principal Additional Director General Directorate General Of Gst Intelligence Versus M/S Rajiv Gandhi University Of Health SciencesThe Karnataka High Court has held that the university is liable to pay service tax on the income earned from the rentals of buildings leased or licensed for banking facilities.AARRapido Liable To Pay GST On Services Provided By Independent Four-Wheeler Cab Service Provider: Karnataka AARApplicant's Name: Roppen Transportation ServicesThe Karnataka Authority of Advance Ruling has held that the Rapido is liable to pay GST on services provided by independent four-wheeler taxi service providers.

Indirect Tax Weekly Round-Up: 28 July To 3 August 2024

Mariya Paliwala

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