Friday, 29 September 2017

HC’s order impleading CBEC in challenge to IGST payment under Advance Authorisations

Delhi HC impleads CBEC as respondent in writ petition challenging curtailment of duty exemption benefit under Advance Authorisation Scheme; Directs CBEC to instruct all Customs Commissionerates to comply with interim order dated September 11 allowing imports without payment of IGST against authorisations issued prior to July 1; Notes that despite such interim order, petitioner was compelled to pay IGST to effect clearance of raw material under specified authorisations; Matter is listed on February 22, 2018 

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Gujarat HC upholds levy of GST on corporate guarantee while reads down mandatory 1% valuation where actual consideration is lower

  This Tax Alert summarizes a recent ruling of the Gujarat High Court (HC)1 on the taxability of corporate guarantee provided by the Petitio...