Admissibility of electronic evidence bars undervaluation demands where printouts, retracted statements and no cross-examination leave the case unprove...
Limitation in oppression and mismanagement proceedings: prior knowledge of removal and dilution barred the challenge, with valuation directions upheld...
Insolvency professional agency governance rules amended to add nominee directors, tighten independent director eligibility, and regulate managing dire...
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.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4819 
Join Channel 
