Breaking-GST on Crypto Currencies

BORN IN INDIA I SERVED FROM INDIA I TO THE GLOBE   Dated: 14.11.2022 GST in the anvil on Crypto Currencies   The Central Board of Indirect Taxes and Customs (CBIC) is working on defining legal framework for applying GST on crypto currencies and virtual digital assets. The Ministry of Finance, Govt of India, after …

GST Refund “Intermediary”- Punjab & Haryana High Court

BORN IN INDIA I SERVED FROM INDIA I TO THE GLOBE   Dated: 12.11.2022 Important GST Refunds matter Order on “Intermediary”- Punjab & Haryana High Court The Punjab and Haryana High Court has held that the Genpact India cannot be treated as an “intermediary” and therefore allowed a refund of Rs.26,34,61,625/- in favor of the …

GST Not Leviable on Import Ocean Freight in India

BORN IN INDIA I SERVED FROM INDIA I TO THE GLOBE Dated: 19.05.2022   GST Not Leviable on Import Ocean Freight in India   Supreme Court has dismissed the Special Leave Petition of the Government on the matter of applicability of GST on Import Ocean Freight. Now all the assessees who have received the Show …

Textiles, Footwear, Cab Aggregator Services to get costlier from 01st January 2022

BORN IN INDIA I SERVED FROM INDIA I TO THE GLOBE Dated: 30.12.2021 Upcoming New GST Rates on Textile, Footwear and E-Commerce Services   Important Announcement/Notice Textiles, Fabrics and related finished products shall become costly since the Govt of India had notified the effective GST rates vide Notification No. 14/2021‐CT (Rate) dt. 18.11.2021 & Notification …

Common IGST Refund issues faced by Exporters in India

BORN IN INDIA I SERVED FROM INDIA I TO THE GLOBE Dated: 27.10.2021 Common IGST Refund issues faced by Exporters in India As per rule 96 of the CGST Rules, 2017, the shipping bill filed by an exporter shall be deemed to be an application for refund of integrated tax paid on the goods exported …

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