Taxpayers often face confusion when goods are returned after a change in GST rates. A common question is whether the revised rate or the rate applicable at the time of the original supply should be applied while issuing a credit note.

CESTAT upheld service tax and interest on Pondicherry Engineering College’s technical testing services but waived the penalty for lack of intent to evade.

All actions and proceedings initiated under the previous framework will continue to remain valid under the new regulations