Revenue authority mandates using scheme-specific reversal procedures, not revising original entries, for instrument-based trade/customs benefits effec...
Transaction value under s.15(1) governs unrelated sales; valuation between related parties per Rule 28; consignment note required for unregistered rec...
HC allowed the writ petition and quashed the show cause notice issued by the revenue officer, holding that levy of IGST on a service component is impermissible where IGST has already been concomitantly imposed on the goods component of a composite supply. The HC, following the SC precedent, concluded that a tax treated by legislation as part of the composite supply of goods cannot be separately taxed as a supply of service. Consequentially, declarations under the specified entries were held invalid to the extent they sought to impose IGST on the service element, and the impugned notice dated 15.12.2021 was set aside.
HC allowed the writ petition and quashed the show cause notice issued by the revenue officer, holding that levy of IGST on a service component is impermissible where IGST has already been concomitantly imposed on the goods component of a composite supply. The HC, following the SC precedent, concluded that a tax treated by legislation as part of the composite supply of goods cannot be separately taxed as a supply of service. Consequentially, declarations under the specified entries were held invalid to the extent they sought to impose IGST on the service element, and the impugned notice dated 15.12.2021 was set aside.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
