Indirect Taxes

CBIC issues Central Goods and Services Tax (Second Amendment) Rules, 2022.

Notification No. 19/2022 – Central Tax dated 28-09-2022.

CBIC notifies all amendments of Finance Act, 2022 w.e.f. 01-10-2022.

Notification No. 18/2022 – Central Tax dated 28-09-2022.

Sec. 28 of Customs Act – DEPB Licenses/Scripps on which exemption benefit was availed of by appellants (as buyers of forged/fake DEPB Licenses/Scripps) were found to be forged and, therefore, appellants were liable to pay duty and extended period of limitation was invokable.

Munjal Showa Ltd. v. Commissioner of Customs and Central Excise – [2022] 142 taxmann.com 519 (SC).

Constitution of GoMs for boosting Real Estate Sector under GST Regime.

Office Memorandum S-31011/12/2021-(DIR-NC)-DOR dated 22-09-2022.

Govt. extends existing Foreign Trade Policy by further 6 months to 31 March 2023.

Press release dated 26-09-2022.

Order rejecting refund claim on grounds not mentioned in SCN is not sustainable.

Varidhi Cotspin (P.) Ltd. v. State of Gujarat – [2022] 142 taxmann.com 498 (Gujarat).