- Indirect Tax Update Release: The Tax and Regulatory Fortnightly Update for November 2024 has been published, detailing significant recent developments in indirect tax, accessible on the website.
- GST Reassessment Orders: A High Court (HC) has ordered the reassessment of Input Tax Credit (ITC) denial under the amended Section 16(5) of the CGST Act, affirming the importance of fair treatment in tax assessments.
- Royalty GST Levy Upheld: The HC has upheld the GST levy on royalty payments made by mineral concession holders, reinforcing the tax applicability in this sector.
- Natural Justice in GST Registration: The HC quashed a GST registration cancellation and mandated adherence to principles of natural justice, emphasizing the need for proper procedures in tax administration.
- Customs and CENVAT Developments: Key customs rulings include the HC upholding a CESTAT decision against revenue appeals and allowing CENVAT credit on specific processing activities, while also addressing consumer refund appeals and duty drawback cases.
Source Darda Advisors
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