Levy of IGST Quashed on Ocean Freight: Case Analysis
Introduction The Hon’ble Supreme Court in one of its landmark judgments in the case of UOI v. Mohit Minerals Private Limited, quashed the levy of IGST on ocean freight in case of CIF contracts. It is a significant judgment covering important aspects of the role of GST council, binding nature of its recommendations and discussion […]
Extended Period of Limitation: Is the Department blatantly misusing it?
In the past few months several taxpayers have received notices from the Service Tax and the Excise Department for either short payment of taxes or claim of excess refund. Interestingly, the issuance of all such notices was barred by limitation in the usual course, so, the department invoked the extended period of limitation to issue […]