CBIC notifies special procedure for the electronic commerce operators (ECOs) in respect of supply of goods made by composition dealers.
Notification No. 36/2023 – Central Tax, dated 4-8-2023.
Intention to evade tax is a pre-requisite for imposing a penalty u/s 129 of CGST Act.
Bhawani Traders v. State of U.P. – [2023] 153 taxmann.com 86 (Allahabad).
Action against supplier is essential for non-reflection of invoices before seeking reversal of ITC from recipient.
Suncraft Energy (P.) Ltd. v. Asstt. Commissioner State Tax – [2023] 153 taxmann.com 81 (Calcutta).
Import of Laptops, Tablets, All-in-one Personal Computers, and Ultra small form factor Computers & Servers falling under HSN 8471 to be ‘Restricted’ and their import to be allowed against a valid License for Restricted Imports, subject to certain exemptions.
DGFT Notification No. 23/2023, dated 3-8-2023.
GST Council recommends GST on valuation of supply of online gaming and actionable claims in Casinos based on the amount paid or payable to or deposited with the supplier, by or on behalf of the player (excluding the amount entered into games/bets out of winnings of previous games/bets) and not on total value of each bet placed. Council further recommends amendment of CGST Rules, 2017 to bring the amendments into effect from 1-10-2023.
Press Release dated 2-8-2023.
CBIC issues clarifications regarding applicability of GST on services supplied by director of a company.
Circular No. 201/13/2023, dated 1-8-2023.