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[SC] Person Summoned Under S. 69 of the CGST Act Cannot Seek Anticipatory Bail Under S. 438 of CrPC
India's Supreme Court clarifies that CGST Act summonses exclude anticipatory bail under CrPC.
Jul 31, 20233 min read
No Penalty for Innocent Facilitation of Improper Importation: Delhi High Court Sets Precedent
Introduction The present case of Rajeev Khatri v Commissioner of Customs [i] involves an appeal filed before the High Court of Delhi (...
Jul 31, 20234 min read
The Andhra Pradesh High Court Upholds the Constitutional Validity of S. 16(4) of the CGST Act
Introduction The Andhra Pradesh High Court ( ‘Court’ ), in the case of Thirumalakonda Plywoods v. Assistant Commissioner , [i] examined...
Jul 29, 20233 min read
IBC overrides Electricity Act: Supreme Court Reinforces IBC’s Waterfall Mechanism
In a landmark ruling, the SC emphasizes the supremacy of IBC’s provisions over the Electricity Act, impacting asset liquidation priorities.
Jul 29, 20234 min read
CBIC Guidelines for Dealing with Input Tax Credit Discrepancies
The Central Board of Indirect Taxes and Customs ( ‘CBIC’ ) has recently issued a significant circular numbered 193/05/2023-GST on July...
Jul 28, 20232 min read
[CESTAT - Hyderabad] Penalty Cannot Be Imposed on Custom Brokers Merely on the Basis of an Uncorroborated CBI Report
CESTAT: Penalties on Custom Brokers require concrete evidence, not just an uncorroborated CBI report, rules Hyderabad Tribunal.
Jul 28, 20233 min read
Government Circular Clarifies TCS Liability for Multiple E-Commerce Operators
The Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes and Customs (‘CBIC’) has issued Circular No. 194/06/2023...
Jul 28, 20233 min read
Clarification on Taxability of Shares held in a Subsidiary Company by the Holding Company
Introduction The taxability of shares held in a subsidiary company by a holding company has been a matter of concern, previously falling...
Jul 27, 20233 min read
CBIC clarifies Refund Issues under the provisions of GST
The Central Board of Indirect Taxes and Customs (‘CBIC’) has recently issued circular No. 197/09/2023 – GST (’circular’) to provide...
Jul 26, 20234 min read
Chasing Shadows: Legal Proceedings Against Non-Existent Persons
Investigating the complexities of legal proceedings involving non-existent persons within corporate restructuring and mergers, this...
Jul 24, 20238 min read
Clarification on Taxability of Services between Distinct Offices under GST
To address the ambiguity regarding the taxability of services provided by one office of an organization in one state to another office in...
Jul 22, 20234 min read
[NCLAT] – The Resolution Plan Cannot Discriminate Among the Same Class of Creditors
NCLAT rules against bias in creditor payouts, mandates equitable distribution in Akashganga case.
Jul 22, 20233 min read