The Government has notified Foreign Trade Policy (FTP) 2023. This policy shall be effective 1 April 2023. The subsequent revision(s) in FTP shall be done as and when required and shall not be linked to any date.
CBIC issues clarification regarding applicability of GST Rate and classification of Rab.
Circular No. 191/03/2023 – GST. dated 27-3-2023.
Classification – Photo Books – Printing of photographs provided in soft form, binding them and selling them as photo books, amounts to manufacture under Tariff heading 4911 and therefore, not liable to service tax. After introduction of GST, said item was liable to GST @12% as supply of goods.
Commissioner of Central Goods and Services Tax v. Venus Albums Company (P.) Ltd. – [2023] 148 taxmann.com 411 (SC).
GST – Authority is not required to appreciate reasons for movement of vehicle without valid e-way bill.
Abinash Kumar Singh v. State of West Bengal – [2023] 148 taxmann.com 393 (Calcutta).