- The article discusses the recent recommendation of the 50th Meeting of the GST Council and the clarification provided by the CBIC Circular No. 199/2023-GST regarding the distribution of credit through Input Service Distributor (ISD).
- The authors highlight some unresolved issues related to cross-charge valuation, SEZ recipients, and the inclusion of costs for cross-charging internally generated services.
- The text also includes updates on GST notifications and circulars, as well as recent judicial decisions on various GST-related matters.
- In the customs domain, there are updates on export duties for onions and parboiled rice, restrictions on the export of de-oiled rice bran, and licensing requirements for certain imported electronic devices.
- The text also includes recent customs-related judicial decisions.
Source Lakshmikumaran & Sridharan Attorneys
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