Sec. 17 – ITC – Assignment of leasehold rights in an industrial plot by a lessee to another, for the balance period of lease with Gujarat Industrial Development Corporation (GIDC), without any formal execution of new lease deed with GIDC, will fall within the broad scope of the term ‘supply’ and the applicant is not entitled to take ITC of CGST & SGST paid by them on services received in the form of transfer of rights in leasehold land u/s 17(5)(d) of CGST Act / State Act.
Bayer Vapi (P.) Ltd., In re – [2023] 154 taxmann.com 121 (AAR – GUJARAT).
CBIC notifies value of supply in case of online gaming including online money gaming.
Notification No. 45/2023 – Central Tax, dated 6-9-2023.
Amendment in Rule 89(4) of CGST rules introducing comparison of tax invoice and shipping bills is not clarificatory in nature, and thus has a prospective effect, as it is a substantive change brought through a notification.
Tata Steel Ltd. v. UoI – [2023] 154 taxmann.com 76 (Jharkhand).
Opportunity of personal hearing is must before passing an adverse order even if assessee did not opt for it.
Dana Pani v. State of U.P. – [2023] 154 taxmann.com 84 (Allahabad).
GSTN introduces Electronic Credit Reversal and Reclaimed Statement on GST portal.
GSTN Update, dated 31-8-2023.
Interim Oder restraining arrest of accused of ITC fraud made absolute on account of non-misuse of liberty granted.
Paresh Anubhai Mawani v. Superintendent (Central Tax) – [2023] 153 taxmann.com 729 (SC).