Section 23 of the CGST Act as amended by the Finance Act 2023 Note: Section 23 of the CGST Act is amended retrospectively by Finance Act 2023 with retrospective effect from 1st July 2017. The amended portion is depicted with a different color. Text On
Section 21 of CGST Act Section 21 of CGST Act provide for recovery of excess credit by an ISD. An ISD has been allowed to distribute the credit he has received. The manner of distribution of such credit is provided in section 20 of CGST
The author can be reached at shaifaly.ca@gmail.com Table of Contents Cases Covered:Background-Plea-The Judgment-Read & Download the Full KM Nanavati Vs State of Maharastra Cases Covered: KM Nanavati Vs State of Maharastra Background- It is a matter of 1959. Just after we got the independence. This
The author can be reached at shaifaly.ca@gmail.com Cases Covered: Schlumberger Asia Services Limited Vs Union of India Facts of the cases: The petitioner is impugning 11 identical orders all dated 25th August 2021, by which the petitioner’s appeals were rejected. Petitioner is a company incorporated
In a recent development the ICAI has asked the members to make the disclosures related to fees. As per the requirement of code of ethics of ICAI, the members are required to make some disclosures related to their highest paid clients. In accordance with the
SC judgment direction to ED to inform the grounds of arrest in Pankaj Bansal case will be challenged by Govt in review petition Recently we have posted the judgment of Pankaj Bansal Vs Union of India. In this case the court emphasised on the importance
Section 20 of CGST Act Section 20 of CGST Act contains the provisions for distribution of ITC by an ISD. “(1) The Input Service Distributor shall distribute the credit of central tax as central tax or integrated tax and integrated tax as integrated tax or central
Section 19 of CGST Act Section 19 of CGST Act contains the provisions for ITC in respect of inputs and capital goods sent for job work. “(1) The principal shall, subject to such conditions and restrictions as may be prescribed, be allowed input tax credit on
Section 18 of CGST Act Section 18 of CGST Act (1) Subject to such conditions and restrictions as may be prescribed— (a) a person who has applied for registration under this Act within thirty days from the date on which he becomes liable to registration
Section 17 of CGST Act Section 17 of CGST Act provide for the apportioned credits and blocked credits. The manner of apportionment is given in ITC Rules. (1) Where the goods or services or both are used by the registered person partly for the purpose
