Daily Updates

Excise: CBIC reduces Road and Infrastructure Cess on Diesel to NIL. [Notification No. 12/2023-Central Excise Dated: 03rd March, 2023]

GST In the GST regime, taxpayers are required to file the appeal electronically on the GST portal and thereafter within 7 days from the date of filing the appeal online, they are required to submit the physically copy of the appeal set. Recently Appellate Authority rejected an appeal of taxpayer who submitted the physically copy …

Judicial Corner ( 10.03.2023) Read More »

Trademark Hon’ble High Court directs that ‘Likelihood of confusion’ cannot to be easily presumed and nature of goods and class of their purchasers has to be borne in mind

GST High Court of Madras held that Summons issued by the CGST officer while proceedings have been initiated by SGST officer would be impermissible if subject matter is same. High Court of Rajasthan directed to set aside the order imposing interest on delayed payment of tax as it suffered from vice of non-application of mind …

Judicial Corner (08.03.2023) Read More »

GST High Court of Gujarat ordered that the Cancellation of GST registration without any determination of the amount which is to be paid by the taxpayer is unsustainable in law and such order to be set aside. High Court of Orissa held that Rectification of GSTR1 beyond the deadline is permitted as there is no …

Judicial Corner (04.03.2023) Read More »

DGFT: Government has discontinued Tariff Rate Quota for Import of Crude Sunflower Seed Oil w.e.f. 01.04.2023. [Public Notice No. 60/2015-20-DGFT Dated: 1st March, 2023]

GST: Government notified Standard operating Procedure (SOP) for Cancellation of Registration and for Repository of Non-genuine Taxpayers. [Circular No.F.3(479)GST/Policy/2023/346 Dated: 01.03.2023]

Customs: Government notifies list of 122 Booking Post Offices to accept consignments for export. [Circular No. 06/2023-Customs Dated 01 March, 2023]

Income Tax: CBDT notifies amendment in ITR forms for AY 2023-24 / FY 2022-23. [Notification No. 8/2023-Income Tax| Dated: 28th February, 2023]

Income Tax: The Central Government notifies for the purposes of the income tax deduction under Section 10(46), ‘Insolvency and Bankruptcy Board of India’, New Delhi (PAN AAAGI0193K), a Board established by the Central Government, in respect of the specified income arising to that Board.   [Notification No. 09/2023- Income Tax | Dated : 01st March, …

Income Tax: The Central Government notifies for the purposes of the income tax deduction under Section 10(46), ‘Insolvency and Bankruptcy Board of India’, New Delhi (PAN AAAGI0193K) (02.03.2023) Read More »

IBC NCLAT Delhi recently held that the provisions of Code override other laws including law pertaining to excise duty.

IRDAI: IRDAI issued various Product for Persons with Disabilities (PWD), Persons afflicted with HIV/AIDS, and those with Mental Illness. [IRDAI/HLT/CIR/MISC/58/2/2023 Dated:27.02.2023]

GST : High Court of Cuttack recently held that amount deposited consequent to any demand by department cannot be allowed as refund when assessee has neither produced any evidence to prove such deposit was made under protest nor made submission against such demand in Part B of Form DRC 01A; mere stating “liability is not …

Judicial Corner : High Court of Cuttack recently held that amount deposited consequent to any demand by department cannot be allowed as refund when assessee has neither produced any evidence to prove such deposit was made under protest nor made submission against such demand in Part B of Form DRC 01A; mere stating “liability is not acceptable” while paying any duty does not amount to duty paid under protest. (28.02.2023) Read More »

GST :  High Court of Bombay held that relevant date for computation of limitation period for refund has to be determined first and only thereafter, it can be examined as to whether limitation period for refund in a particular case stand protected by Supreme Court’s decision for excluding period from 15-3-2020 to 2-10-2021 for computing …

Judicial Corner : High Court of Bombay held that relevant date for computation of limitation period for refund has to be determined first and only thereafter, it can be examined as to whether limitation period for refund in a particular case stand protected by Supreme Court’s decision for excluding period from 15-3-2020 to 2-10-2021 for computing limitation period. (26.02.2023) Read More »

SERVICE TAX :  Hon’ble Delhi Tribunal recently held that no Service Tax can be levied on take-away/parcel food from restaurants as it would amount to sale of goods wherein, element of service such as dining facility, washing area and clearing of the tables are not involved.

Central Excise :  Hon’ble Tribunal Delhi held that CENVAT credit cannot be denied if the credit on such services is already settled to be an eligible input service.

GST: High Court of Bombay held that GST Registration shall not be cancelled until any there is any gross violation. The right to carry on trade or profession cannot be curtailed contrary to the constitutional guarantee and further the State would suffer loss of revenue and the ultimate goal under GST regime will stand defeated …

Judicial Corner – GST (23.02.2023) Read More »

DGFT: DGFT has amended the import policy of Cashew Kernels: ITC (HS) Code Description Import Policy Existing Import Policy Revised Import Policy 8013210 Cashew Kernel, Broken Prohibited However, import is free if CIF value is above Rs. 680/- per KG 1. However import is free if CIF value is above Rs. 680/- per KG.   2. …

DGFT: DGFT has amended the import policy of Cashew Kernels (23.02.2023) Read More »

Customs: CBIC has amended Circular No. 26/ 2016 of Customs relating to Public Warehousing Licensing Regulations, 2016, Private Warehousing Licensing Regulations, 2016 and Special Warehousing Licensing Regulations, 2016 to give time limit of 45 days for completion of antecedent verification of the applicant from receipt of application. [Circular-No-05-2023, Dated 21st February, 2023]

Customs: New column 25A for details of Ex Bond Bill of Entry Number, Ex Bond Bill of Entry Date, Shipping Bill Number and Shipping Bill date are inserted in the format of “Form A” (i.e., Form to be maintained by the warehouse licensee of the receipt, handling, storing and removal of the warehoused goods) [Circular-No-04-2023, …

Customs: New column 25A for details of Ex Bond Bill of Entry Number, Ex Bond Bill of Entry Date, Shipping Bill Number and Shipping Bill date are inserted in the format of “Form A”(23.02.2023) Read More »