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    <title>IGST is not payable under RCM for services in Free-on-Board and Cost Insurance Freight Contract</title>
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    <description>The Bombay High Court held that IGST under the reverse charge mechanism cannot be imposed on services connected to FOB (and CIF) contracts by reliance on Notification No. 08/2017 because the Notification has been declared ultra vires by higher courts. Consequently, show cause notices issued invoking that Notification lack jurisdiction, and taxpayers affected may seek refund of tax paid under protest with interest after filing the requisite refund application.</description>
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      <title>IGST is not payable under RCM for services in Free-on-Board and Cost Insurance Freight Contract</title>
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      <description>The Bombay High Court held that IGST under the reverse charge mechanism cannot be imposed on services connected to FOB (and CIF) contracts by reliance on Notification No. 08/2017 because the Notification has been declared ultra vires by higher courts. Consequently, show cause notices issued invoking that Notification lack jurisdiction, and taxpayers affected may seek refund of tax paid under protest with interest after filing the requisite refund application.</description>
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      <pubDate>Tue, 23 Apr 2024 10:52:47 +0530</pubDate>
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