The Tax Post-A Bi-monthly Indirect Tax Bulletin - November 2024
The Tax Post-A Bi-monthly Indirect Tax Bulletin - November 2024
BDO in India is pleased to present ‘The Tax Post’ - A bi-monthly Indirect Tax Bulletin focusing on the world of Indirect Taxes and highlighting major trends across the space in India and globally, while also bringing forth practical views and experiences from our tax experts.
Presenting edition 27 of The Tax Post, spotlighting key industry trends:
Cover Story – Discusses the web of Rule 96(10) of the CGST Rules that restricted the refund of IGST paid on exports and the Kerala High Court ruling which set aside the validity of the above rule.
Expert Speak – Dives into the recent ruling of the Supreme Court in the case of Safari Retreats wherein it was inter alia held that input tax credit can be availed on immovable property being in the nature of ‘Plant or Machinery’ based on the functionality test.
In Tales – Dissects the Power sector, including issues faced by the sector from an indirect tax perspective.
Decoded – Examines an interesting judgment upholding the validity of notification no. 09/2023-Central Tax dated 31 March 2023 that inter alia extended the time limit for issuing an Order under Section 73 of the CGST Act for FY 2017-18 till 31 December 2023 (from 30 September 2023) due to force majeure.