Indirect Tax Digest | 27 October 2023
Indirect Tax Digest | 27 October 2023
We are pleased to share that the Indirect Tax Digest (previously Indirect Tax Weekly Digest) will now pack together updates on a fortnightly frequency.
The visually refreshed publication will continue to provide unmatched coverage of key topics including updates on Indirect Tax Legislations, Judicial Updates and Customs and Foreign Trade Policy.
We thank you for your consistent support and look forward to continuously bring to you the latest in the world of Indirect Taxes.
Highlights
- Kerala High Court - Input Tax Credit cannot be denied merely based on a mismatch between Form GSTR-2A and Form GSTR-3B.
- Delhi High Court - Amendment to Rule 89(4)(c) of the CGST Rules restricting refund of unutilised input tax credit by capping the value of export turnover cannot be applied retrospectively.
- Supreme Court - In the absence of evidence, the value of imported goods cannot be enhanced by straightaway invoking Rule 8 of the Customs Valuation (Determination of Price of Imported Goods) Rules, 1988.
We hope you find it useful and an interesting read.