Goods Transport Agency services via e commerce portals: consignment note creates custody and liability and enables exemption for unregistered recipien...
Reverse charge and assignment of royalty collection: exemption for excess royalty collectors subject to reconciliation; leaseholders remain liable und...
Authorization requirements for customs brokers and benami shipping bills: tribunal upholds licence revocation and penalties after COVID time limit fou...
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Question concerns the temporal and statutory effect of amendments to Section 16 of the CGST Act and related CBIC guidance on entitlement to input tax credit (ITC). The court acknowledged subsequent insertion of Section 16(5) and a CBIC Circular, held that those developments materially affect prior adjudication, set aside the earlier appellate order and remitted the matter for fresh consideration by the appellate authority in light of Section 16(5) and the Circular. The appellate authority is directed to decide the revenue appeal anew within four months of parties appearing and filing an authenticated copy of the order.
Question concerns the temporal and statutory effect of amendments to Section 16 of the CGST Act and related CBIC guidance on entitlement to input tax credit (ITC). The court acknowledged subsequent insertion of Section 16(5) and a CBIC Circular, held that those developments materially affect prior adjudication, set aside the earlier appellate order and remitted the matter for fresh consideration by the appellate authority in light of Section 16(5) and the Circular. The appellate authority is directed to decide the revenue appeal anew within four months of parties appearing and filing an authenticated copy of the order.
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