Daily GST Updates – November 3, 2022

• CBIC notifies Customs Exchange rate for Import & Export wef 04.11.2022
• Purpose of Valuation and Premises of Valuation
• E-commerce intermediaries not liable for goods put up for sale on their platform
• Service tax leviable on supply of bed rolls to Railways
• Duty demand u/r 17H of Central Excise Rules merely for clearance after 6 months unsustainable
• SC to decide whether Service tax leviable on secondment of employees
• Bail allowed to GST Accused for fraudulent availing of Input Tax Credit amounted to Rs 10.71 Cr
• Recent Updates related to Indian Economy and GST till 02.11.2022
• E-WAY BILL Ready Reckoner under GST Act 2017 with case laws
• Income Tax, GST & Other Compliance Due Dates- November-2022
• CESTAT upheld penalty on cenvat credit availed on input service used for manufacture of exempted goods
• Section 27A of Customs mandates liability of interest for delay in sanction of refund beyond 3 months from date of claim
• CENVAT credit eligible on goods used for manufacturing of BMD Vehicles & Storage Tank which are must for preparing Bulk Explosive
• No Service Tax on Ocean Freight if appellant paid custom duty on CIF
• TDS not deductible on EDC Payment to HUDA; Section 271C penalty not imposable
• Cenvat credit eligible on input & packaging materials used for testing products
• Original Submission date considerable to compute One Year period for service tax Refund claim

Source Taxguru

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