Newsletter/Booklets 19th May 2023

Indirect Tax Newsletter – April 2023

Authors

Varun Parmar Associate Partner | Mumbai
Himanshu Pagaria Analyst | Mumbai

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Dear Reader,

We are pleased to share our latest Indirect Tax Newsletter which includes update on recent notifications/circulars along with detailed analysis of some key case laws and advance rulings under indirect tax laws. The highlight are as follows:

-Deferment of advisory to report invoice on IRP portal within 7 days.

-Guidelines have been issued for special all-India drive for identification of fraudulent GSTINs

-CBIC notifies manner of issue of duty credit for goods exported under the RoSCTL Scheme under Foreign Trade Policy, 2023

-Customs Notification issued to implement the “Amnesty Scheme for one time settlement of default in export obligation by Advance and EPCG authorization holders” notified by DGFT.

-Games of skill played with or without stakes are not gambling and are therefore outside the scope of the term “supply”

-SCN which was based on GST Audit observation is premature and liable to be quashed

-Tax deposited during search not voluntary, to be returned with simple interest

-AAR on applicability of GST on renting of property located in India and owned by an NRI

-AAR on applicability of exemption from GST on accommodation to pilgrims outside religious place by charitable trust

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