- Gujarat High Court – Refund cannot be denied merely because 2 refund applications were filed for the same tax period.
- Karnataka AAR – Subsidies received from the Central/State Government cannot be excluded from the value of supply if such subsidy does not affect the value of supply.
- Telangana AAR – Input Tax Credit availed on goods destroyed by fire is required to be reversed even if the destroyed goods are sold as scrap.
Source: www.bdo.in
Latest Posts in "India"
- India Cuts GST on Renewable Energy to 5%, Boosting Solar Affordability and Green Jobs
- Telangana Deputy CM Urges Traders to Pass GST Rate Benefits to Public for Economic Growth
- Indian CBEC Clarifies GST Treatment of Post-Sale Discounts and Input Tax Credit Eligibility
- 5% GST on Salons, Gyms, Yoga Classes Mandatory from September 22, Says CBIC
- CBIC Clarifies: No Input Tax Credit for Insurers on Brokerage and Commission Under New GST Rules