Unless there is prior agreement and correlation between post-supply discounts and relevant invoices, assessee is not required to reverse input tax credit provided that assessee pays value of supply as reduced after adjustment of post-sale discount plus original tax charged by supplier.
Vedmutha Electricals India (P.) Ltd., in re – [2023] 152 taxmann.com 7 (AAR – ANDHRA PRADESH).
New online compliance pertaining to liability/difference in GSTR – 1 and GSTR – 3B.
GSTN Update dated 29-6-2023.
DGFT liberalises and simplifies the policy for export of Drones/Unmanned Aerial Vehicles (UAVs) for civilian end uses from India.
Supply of medicines and other procedures to inpatients admitted to hospital for treatment is a composite supply exempt from tax, where principal supply is healthcare services falling under SAC 999311 which is exempt as per entry at Sl. No. 74 of Notification No. 12/2017 – Central tax, dated 28-6-2017.
Innovations Mediresearch (P.) Ltd.., In re – [2023] 151 taxmann.com 505 (AAR – RAJASTHAN).
HC directs dept. to reconsider refund claim of unregistered person since policy has evolved governing application for refund, post the date when impugned order was passed.
C. P. Ravindranath Menon v. Dy. Comm. of State Tax – [2023] 151 taxmann.com 458 (Bombay).
HC directs dept. to produce records relating to SCN to verify whether reasons to believe existed for issuance of notice.
Marjit Basumatary v. UOI – [2023] 151 taxmann.com 423 (Gauhati).