Read more about Indirect Tax Legislative, Judicial updates and Foreign Trade Policies in The Indirect Tax Weekly Digest by BDO in India.
This edition of the weekly digest highlights:
- AAR-Karnataka - Concessional rate of GST of 5% is applicable to only MRO services in respect of aircrafts, aircraft engines and other aircraft components or parts;
- High Court of Delhi - Input Tax Credit (ITC) of VAT in relation to goods purchased in previous tax periods cannot be claimed in subsequent tax periods;
- Supreme Court of India - Supreme Court order in Suo motu extension of limitation applicable to Tax authorities also as they are also the State is also a litigant.
We hope you find it useful and an interesting read.
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