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It’s been one year since the introduction of GST in India. In view of magnitude of changes brought about to the Indirect Tax landscape, the GST law was expected to take substantial time to settle down. While there are still some teething issues prevailing, overall the industry has transitioned from the erstwhile Indirect Tax regime to the GST law quite rapidly. It is worthy to note that the GST law has evolved considerably with the Government issuing multiple circulars and notifications for clarifying the scope of provisions. However, despite best efforts of the Government, persisting imperfections in the GST law have left enough scope for litigations and disputes leading to filing of various Writ petitions before the High Courts and numerousapplications before Advance Rulings Authorities (AAR) across States.
AAR’s have also been fairly proactive and responsive in disposing of applications speedily and expeditiously in the past three to four months during which more than 100 advance rulings were pronounced on a range of debatable issues, the majority of which however have been decided against the interest of applicants. An important factor is that the AAR functions at the state level, so there is possibility that contrary rulings are passed on identical issues by two different AARs (as recently witnessed in applications relating to taxability of solar power projects disposed of by the Maharashtra and Karnataka AARs). Many of these AAR’s rulings have been referred to the Appellate Advance ruling Authorities (AAAR), but in most of the cases, the decisions of AAR remained unaltered. One has to see the fate when these rulings would be challenged before the Jurisdictional High Courts. The trade and industries are also keeping a tab on the Writ Petitions on some of the key issues.
From our last Webinar on Litigation trend in GST held in May, a lot of new rulings have surfaced. In our special Webinaron the Litigation Trends in GST Part-II,Mr. Rohit Jain, Mr. Gopal Mundhra and Mr. Jitendra Motwani(Partners, Economic Laws Practice) will take you through these important decisions covering the issues of classification, valuation, taxability and Input tax credit etc. They would talk on the views of the judicial and quasi-judicial authorities on the interpretational issues such as levy of GST on charges for liquidated damages, branding of products, employer-employee relationship, work contract-related transactions, etc. While giving their take on these rulings, the tax experts would also seek to answer your queries on various interpretational aspects.
Join us for this Special Webinar on November 22, 2018 at 4 pm.
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