We are pleased to share with you the copy of our latest GST Café, which is a briefing on the judgment of the Hon’ble Supreme Court of India in Union of India V VKC Footsteps, where the refund of unutilized input tax credit on account of the rate of input services being higher than outward supplies, cannot […]
A single bench of the Hon’ble High Court of Madras in a recent judgment of Madurai Kamraj University vs. Joint Commissioner[1] held that services provided by a University, including affiliation of colleges and other allied services given to students, are exempted from levy of Service Tax as per Finance Act, 1994. Background: Section 2(a) of […]
The Director General of Foreign Trade (“DGFT”) has kept on hold the issuance of benefits by way of issuance of duty credit scrips under the various export promotion schemes as per the Foreign Trade Policy, 2015-20 vide issuance of a Trade Notice[1] on 8th July, 2021. Background:- Benefits are available to exporters under various schemes […]
The Bangalore Central Excise and Service Tax Appellate Tribunal (“CESTAT”) in the case of ICICI Econet and Internet Technology Fund vs. Commissioner of Central Tax, Bangalore, has ruled for the Venture Capital Funds (“VCF”) which are set-up as trusts that these trusts act as a service provider, thereby suggesting that arrangement between the contributor and the […]
We are pleased to share with you the copy of our latest publication of GST Café, a briefing on the highlights of the 43rd GST Council meeting held on 28th May, 2021. We trust that you will find the same useful. To read the GST Cafe, click at the Download Newsletter. We trust that you will […]
We are pleased to share with you the copy of our latest publication of GST Café, a briefing on the relaxations in the refund application and the application for revocation of cancellation of registration by the Central Government, vide notification no. 15/2021 dated 18th May, 2021. To read the GST Cafe, click at the Download Newsletter. […]
