Indirect Tax Newsletter – March 2023

We are pleased to share our latest Indirect Tax Newsletter which includes update on recent notifications along with detailed analysis of some important case laws/advance rulings under indirect tax laws. The key issues covered in this edition includes the following:

• Rectification of returns may be allowed beyond the due date in bonafide cases.
• Disbursement of refund cannot be delayed, in cases where no appeal has been filed against adjudication order and no stay has been granted.
• Exports made through FTWZ will not disentitle exporter of export benefits under Foreign Trade Policy.
• Penalty implications on failure to generate fresh E-way bill in case of change of vehicle.
• Vouchers held to be neither goods nor services and accordingly ITC denied.
• Tenants with registration under GST, held liable for payment of GST under RCM.

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