INDUSLAW | REFUND ON ACCOUNT OF INVERTED DUTY STRUCTURE ALLOWED ONLY FOR INPUTS: VIEW BY THE INDIAN SUPREME COURT

Published On: 20/09/2021

Practice Area: Tax, Indirect Tax

Authors:

Shashi Mathews

On September 13, 2021, the Hon'ble Supreme Court has delivered a landmark judgment on the issue of refund of credit of input services in inverted duty structures. Shashi Mathews and Rajitha Nair examine the issues brought up in this judgment and its impact on the industry.

The Hon’ble High Court of Karnataka in the recent judgement of Gameskraft Technologies Private Limited v. DGGSTI, has provided a huge relief to the online gaming sector by holding that games of skil...

TAXABILITY OF ONLINE GAMES: LANDMARK PRECEDENT FOR THE SECTOR

The Government recently notified the new Foreign Trade Policy (FTP), 2023, which has kicked-in from 1st April 2023. With this new FTP, the Government has taken an unprecedented step to keep it open en...

Foreign Trade Policy 2023: A Dynamic Dossier for Boosting India’s Export Story

The 48th GST Council Meeting held in December, 2022 under the chairmanship of the Union Finance Minister had many items on its agenda which among others also included some important clarification on s...

UPDATES ISSUED BY THE GOVERNMENT ON CERTAIN TAX MATTERS VIDE THE 48th GOODS AND SERVICES TAX COUNCIL MEETING

Classification of a game as a game of skill or as a game of chance has a direct impact on the rate of goods and services tax and also the valuation of the said supply. Recently, one of the biggest dem...

REFUND ON ACCOUNT OF INVERTED DUTY STRUCTURE ALLOWED ONLY FOR INPUTS: VIEW BY THE INDIAN SUPREME COURT