Newsletter/Booklets 10th Aug 2023

Indirect Tax Newsletter – July 2023


Vivek Baj Partner | Pune
Aayush Tiwari Principal Associate | Pune
Nikita Brahmankar Senior Associate | Pune
Sai Dash Senior Associate | Pune

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In July 2023, several key changes to the administration of indirect tax laws through Notifications and Circulars. ELP’s Indirect Tax update covers several of these notifications and circulars which include:

– Taxability of services provided by an office of an organization in one State to the office of the same organization in another State
– Clarification on charging interest in case of wrong availment and utilization of IGST credit and its reversal
– Availability of ITC with respect to warranty replacement of parts and repair services during the warranty period
– Difference in ITC availed in Form GSTR-3B vis-à-vis Form GSTR-2A for the period April 01, 2019, to December 31, 2021
– Taxability of shares held in a subsidiary company by the parent company
– Special procedure (manual filing) for filing an appeal against an Order passed in respect of the transitional credit
– Relaxations in filling of declarations, under reverse charge mechanism, by a Transport Agency

Furthermore, our latest update delves into several crucial judicial judgments and rulings concerning matters such as the constitutional validity of time limits for availing credit, the tax implications of charging batteries for electronic vehicles, and the imposition of penalties as an alternative to vehicle confiscation in cases where E-way bills have not been generated.

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