DA: Indirect Tax Fortnightly Update - January 2025
Hope you are well and safe!
We are pleased to present the Tax and Regulatory Fortnightly Update - Indirect Tax - January 2025 Edition, highlighting major recent indirect tax developments.
You can read or download the same on our website at the below link
For easy reference, we have listed the key aspects of the update that have been made based on the recent Notifications, Circulars, Orders, Writs, Advance rulings, and other important judgments under Indirect tax:
#GST
1) HC Dismisses Petition Challenging GST on Corporate Guarantees and ITC Denial
2) HC Quashes Assessment Order in GST Discrepancy Case, Grants Liberty for Re-examination
3) Terms 'Ratification' and 'Recommendation' "not same“
4) HC Allows Differential Refund under IDS for Claims Made Prior to July 2022
5) HC Remands Matter for Reconsideration of Assessee's Response to SCN
6) HC Rules Solar Power Generating System Not a Works Contract Under GST
#Customs?& Others
7) Customs Act Penalty Not Applicable for Misdeclarations Made to DGFT for EPCG License
8) CESTAT Grants Interest on Refund Due to Delay in Excess Export Duty Assessment
9) HC Allows Amendment of Bill of Entry, Clarifies Provisions Under Customs Act
10) CESTAT Upholds Customs Duty Demand and Penalties for Non-Fulfillment of EPCG Export Obligations
11) HC Upholds CESTAT Ruling, Quashes Penalty Against Director in Customs Case
12) HC Rules Unutilized CENVAT Credit Cannot Be Denied for Goods Under Conditional Exemption
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Should you have any inquiries related to indirect taxes or require our assistance, please don't hesitate to get in touch with us via email at [email protected], or simply visit our website at www.dardaadvisors.com.