Read more about Indirect Tax Legislative and Judicial updates and Foreign Trade Policies in ‘The Indirect Tax Weekly Digest’ by BDO in India.
- Supreme Court – Upholds the withdrawal of customs notification granting a concessional rate of customs duty.
- Supreme Court – User Development Fee levied and collected by airport operation, maintenance, and development entities is not leviable to Service tax.
- CESTAT Chennai – The exporter is not liable to pay Service tax under the reverse charge mechanism on foreign bank charges.
Source BDO
Latest Posts in "India"
- Indian Life Insurers Expand VNB Margins Despite GST-Related ITC Loss
- Gujarat High Court Upholds GST on Corporate Guarantees but Restricts Valuation and Retrospective Application
- Rajasthan Amends VAT Rules with New Digital Return Form and Declaration Requirement
- Supreme Court Upholds Telecom Towers as Movable Property for GST Credit
- India May Cut GST on Small Modular Reactor Components to 5%
