Income Declaration Scheme declarations can evidence share-capital sources, while round-tripped funds and cash-linked credits require further verificat...
Permanent establishment tests: independent subsidiary premises and principal-to-principal dealings did not create Indian taxability for offshore suppl...
Valuation Officer estimates govern property-value additions once statutory valuation is invoked, requiring fresh consideration of objections and compa...
Waiver of written show-cause notice may prevent a later procedural challenge after participation in customs adjudication, preserving statutory appella...
The case concerns the liability of an exporter to pay GST on export freight as CGST & SGST or IGST. The ruling states that post the sunset clause on ocean/air freight, such activities became taxable under GST from 1.10.2022. The tax liability depends on the 'place of supply,' which, in this case, is 'outside India,' making it an inter-state supply subject to IGST. If the service provider, the shipping line, has an office in Thoothukudi, Tamilnadu, the liability shifts to CGST/SGST for intra-state supply. The exporter is not liable for GST as it receives the service as input for its CIF basis exports. The ruling does not address the liability of the shipping line for GST.
The case concerns the liability of an exporter to pay GST on export freight as CGST & SGST or IGST. The ruling states that post the sunset clause on ocean/air freight, such activities became taxable under GST from 1.10.2022. The tax liability depends on the 'place of supply,' which, in this case, is 'outside India,' making it an inter-state supply subject to IGST. If the service provider, the shipping line, has an office in Thoothukudi, Tamilnadu, the liability shifts to CGST/SGST for intra-state supply. The exporter is not liable for GST as it receives the service as input for its CIF basis exports. The ruling does not address the liability of the shipping line for GST.
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TaxTMI 
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