DGFT Releases Clarification Regarding Implementation of Pre-import Condition Under Advance Authorisation Scheme [Read Notice]
The Directorate General of Foreign Trade (DGFT) vide Trade Notice no. 27/2023 issued on 26th September 2023 has released the clarification regarding...
Diffused Silicon Wafer Considered as ‘Semi Conductor Devices’ Attracts 5% Rate of IGST: CESTAT [Read Order]
The Chennai bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that the diffused silicon wafer considered as semiconductor device which attracts a 5% rate of Integrated...
![Diffused Silicon Wafer Considered as ‘Semi Conductor Devices’ Attracts 5% Rate of IGST: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Diffused-Silicon-Wafer-Semi-Conductor-Devices-IGST-Diffused-Silicon-Wafer-Considered-as-Semi-Conductor-Devices-Attracts-5-Rate-of-IGST-CESTAT-GST-Taxscan.jpg "Diffused Silicon Wafer Considered as ‘Semi Conductor Devices’ Attracts 5% Rate of IGST: CESTAT [Read Order]")
![Registered Person cannot Claim ITC if GST is Not Paid to Government: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Registered-Person-cannot-Claim-ITC-If-GST-is-Not-Paid-to-Government-Claim-ITC-Registered-Person-ITC-Madras-HighCourt-taxscan.jpg "Registered Person cannot Claim ITC if GST is Not Paid to Government: Madras HC [Read Order]")
R&D Services to Foreign Entities are “Export of Service” & Deemed “Zero Rated Supply” if Goods/Prototypes are Supplied by Foreign Entity, GST Implication Limited to Prototypes Developed by Applicant: AAR
The Gujarat Authority for Advance Ruling (AAR), Ahmedabad has held that the Research & Development (R&D) activities and services provided by the applicant to foreign entities shall be treated...
Loan to Credit Card Holders are Not Part of Credit Card Service, No GST Exemption: Calcutta HC [Read Order]
The Calcutta High Court has held that loans to credit card holders are not part of credit card service and held that No Goods and Service Tax Exemption. Ramesh Kumar Patodia, the appellant writ...
![Loan to Credit Card Holders are Not Part of Credit Card Service, No GST Exemption: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Loan-to-Credit-Card-Holders-are-Not-Part-of-Credit-Card-Service-Loan-Credit-Card-Holders-GST-Exemption-GST-Calcutta-High-Court-Taxscan.jpg "Loan to Credit Card Holders are Not Part of Credit Card Service, No GST Exemption: Calcutta HC [Read Order]")
No Interest on Wrongly availed IGST time period starting from availment and up to its Reversal CBIC : clarifies [Read Circular]
With respect to the recommendations of the 50th Goods and Services Tax (GST) Council issued circular No. 192/04/2023-GST on 17th July 2023, the Central Board of Indirect taxes and Customs (CBIC)...
