Weekly GST Communique dated August 09, 2021
In this Volume, we bring to you highlights of recent updates and important judgments of last week in the field […]
Newsletter
Important Pronouncements
No Service Tax on liquidated damages recovered for not adhering to time limits mentioned in contract
The Hon’ble CESTAT, Chennai in the matter of Neyveli Lignite Corporation Ltd. v. Commissioner of Customs, Central Excise & Service
Important Pronouncements
Penalty imposed on Department for lethargy delay in filing SLP
The Hon’ble Supreme Court of India in Union of India & Ors. v. M/s Vishnu Aroma Pouching Pvt. Ltd. &
Press Release, Press Release
Rs 99,756 crore disputed tax amount settled under Vivad Se Vishwas scheme
The scheme ‘Vivad Se Vishwas’ is a voluntary scheme for resolving pending direct tax disputes amicably with the taxpayers and
Important Pronouncements
SC: Amazon got relief in arbitration dispute with Future Retail Limited on it’s merger with Reliance Group
In the case of Amazon.com NV Investment Holdings LLC v. Future Retail Limited & Ors. [Civil Appeal Nos. 4492-4493 of
News
Economy recovering at fast pace from recent lows of April, May: PHDCCI
The economy is recovering at a fast pace from the recent lows of April and May on the back of declining new coronavirus cases, continued unlocking
Advance Ruling-New
IIM is Government entity and liable to pay GST under RCM on receipt of legal services: AAR
In Indian Institute of Management, Tiruchirappalli (“IIMT/ the Applicant”) vide order no. 20/AAR/2021 dated June 18, 2021 the Hon’ble Tamil
News
Will handhold startups, artisans for entry into field of exports: FIEO
Apex trade promotion body FIEO on Saturday said it will handhold startups, artisans and farmers to facilitate their entry into the field
GST Recent News
Slash GST rates, give fillip to agri: Trade bodies to FM
Ahead of presenting the revised budget next week, finance minister Palanivel Thiagarajan received memorandums from various agriculture, trade and industry
Important Pronouncements
No Demand can raised during investigations: Telangana HC
In [Writ Petition no. 7063 of 2021], Telangana HC in it’s order dated August 03, 2021 held that, M/S Deem