The Tax Post-A bi-monthly Indirect Tax Bulletin - November 2022

BDO in India is pleased to present ‘The Tax Post’ - A Bi-monthly Indirect Tax Bulletin’ focusing on the world of Indirect Taxes, highlighting major trends across the space in India and globally, while also bringing forth practical views and experiences from our tax experts.

Presenting edition 15 of The Tax Post, spotlighting key industry trends:

Cover Story - Has India made adequate and timely policy interventions to reach the avowed objective of weeding-out the cascading effect of taxation? The turbulent history of Indian indirect taxes and the current shape of things indicate that there are last miles before we reach the cherished dream. This section touches-upon what stands between tax neutrality and GST’s cascading effect.

Expert Speak - After half a decade of implementation, despite enormous efforts to ideate, deliberate, formulate and implement GST, it appears that litigations under GST loom large. This section delves into this malady and the root cause of mushrooming litigations.

In-Tales – In one of the most high-profile cases under GST law, the taxability of Online Gaming transactions has come under sharp focus. In a recent notice issued on a taxpayer the authority has demanded GST of INR 210bn. There are several questions rather than answers with respect to the levy of GST on this sector and we discuss these in detail.

Decoded – In a recent Bombay High Court ruling, it is held that the levy of interest and penalty is not feasible on demand of Countervailing Duty and Special Additional Duty payable on imports, in the absence of substantive provisions in the Customs Tariff Act. This is an important decision in favour of the taxpayer and is likely to have major ramifications. This section analyses the ruling and its ramifications.

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