Indirect Taxes

No interest to be paid on amount paid through credit ledger in respect of returns filed after due date.

Utkal Automobiles (P.) Ltd. v. Union of India. – [2022] 142 taxmann.com 116 (Orissa).

Reversal of credit on transfer of used Capital goods to be done on depreciated value.

Betts India (P.) Ltd. v. Commissioner of Central Excise – [2022] 142 taxmann.com 90 (SC).

GSTN incorporates changes in Form GSTR – 3B for reporting of ITC availment, reversal and ineligible ITC.

GSTN update dated September 2nd, 2022.

SC grants one mont extension to GSTN to allow filing of TRAN – I; Window will start from October 1st, 2022.

Union of India v. Filco Trade Centre (P.) Ltd. – [2022] 142 taxmann.com 89 (SC).

CBIC issues guidelines for launching prosecution under CGST Act, 2017.

Instruction No. 04/2022-23, dated 01-09-2022.

Goods cannot be seized from godown by invoking Sec. 129 of CGST Act.

Mahavir Polyplast (P.) Ltd. v. State of U.P. – [2022] 142 taxmann.com 8 (Allahabad).