Amendments in FTP & HBP notified to permit export proceeds in INR.
Notification No. 43/2015-2020 dated 09-11-2022.
CBIC issues guidelines for verifying Transitional Credit by Officers.
Circular No. 182/14/2022 – GST dated 10-11-2022.
CBIC issues clarification on applicability of recent changes related to refund under Inverted Duty Structure.
Circular No. 181/13/2022 – GST dated 10-11-2022.
Service tax – Sec. 66A – Consulting Engineering service received from abroad prior to 18-04-2006 was not taxable in the hands of recipient in India under Reverse Charge Mechanism.
C.S.T. Delhi v. Sojitz Corporation – [2022] 144 taxmann.com 100 (SC).
Notice was issued to decide on question as to whether salary paid on secondment of employees is taxable u/s 65(105) of Finance Act, 1994.
Commissioner of GST and Central Excise, Chennai v. Komatsu India (P.) Ltd. – [2022] 144 taxmann.com 91 (SC).
Central Excise – Sec. 4 – Valuation of own manufactured goods along with bought out items sold after packing in one carton, would be in terms of Rule 11 of Central Excise Valuation Rules, 2000, i.e., sale price of both.
Sec. 11 – Extended period of limitation was not invokable when entire issue was in knowledge of department.
Raychem RPG Ltd. v. Commissioner of Central Excise – [2022] 144 taxmann.com 99 (SC).