GST Daily
Dear Reader,
Today’s newsletter analytically summarizes the top GST stories reported at taxmann.com.
The goods and vehicle were detained for misdeclaration of goods as the description of goods given in the document were different from the goods transported. The petitioner filed a writ petition to quash the order detaining goods and conveyance and show cause notice issued. ?
The Honorable High Court observed that goods were shown as aluminium scrap in documents while goods transported were brand new aluminium sections. The petitioner tried to evade the payment of tax as the tax rate of goods in transit was higher than the tax rate of goods mentioned in the documents. Therefore, the detention of such misdeclared goods by the department was correct and writ jurisdiction could not be invoked for quashing show cause notice. ? ? ?
The gross GST revenue collected in the month of October 2022 is Rs. 1,51,718 crores. The revenue for October 2022 is the second highest monthly collection, next only to the collection in April 2022 and it is for the second time the gross GST collection has crossed Rs. 1.50 lakh crore mark. This is the ninth month and for eight months in a row now, the monthly GST revenues have been more than Rs. 1.4 lakh crore mark. ? ? ? ?
The CBIC has issued the notification to prescribe a Nil rate of export duty on the export of Rice in the husk (paddy or rough), Husked (brown) rice, Semi-milled or wholly-milled rice, whether or not polished or glazed (other than Parboiled rice and Basmati rice) and Organic Non-Basmati Rice subject to certain conditions. ? ? ? ?
The DGFT has issued a trade notice to inform that the ICEGATE helpdesk is now functional and available for the redressal of RoDTEP-related grievances. In case the RoDTEP grievance continues, the exporter may approach the higher authority at email – [email protected].
That’s it from us for today! Stay Tuned for more updates from?Taxmann.com
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