- Implants, Surgical Items and Medicines sold by Hospital not ‘Sale’: Rajasthan HC quashes VAT Demand
While quashing a VAT demand, a division bench of the Rajasthan High Court has held that the implants, surgical items and medicines sold by the hospital to the in-house patients.
- Transition of ISD Credit to ECL under GST can be Availed during Re-Opening of Transitional Credit Window: Bombay HC issues Directions
A division bench of the Bombay High Court, while considering a bunch of petitions relating to the transition of ISL Credit to Electronic Cash Ledger (ECL) under the GST regime, held that the same can be availed during the re-opening of transitional credit window from 1st September to 31st October as per the Supreme Court decision last month.
- Deliberate Mis-Declaration and Overvaluation of Imports: CESTAT upholds Rejection of Duty Drawback and imposition of Penalties
The Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), New Delhi has upheld the rejection of duty drawback and imposition of penalties for deliberate mis-declaration and overvaluation of imports.
- Preserved Fruit classifiable under Tariff Heading 2008, 12% GST leviable on Ber Berry: AAR
In a significant ruling, the Madhya Pradesh Authority of Advance Ruling (AAR) has ruled that the product “Ber Berry” manufactured and supplied is classifiable under GST Tariff Heading 2008 as preserved fruit and held to levy 12% tax.
- GST on Train Ticket Cancellation Applicable to AC Class Only: Railway Clarifies
Amidst confusions arising with regard to the levy of 5% GST on the penalty amount for cancellation of the train tickets, the South Central Railways confirmed that the levy is applicable only to the AC Classes.
- CBIC Simplifies Procedure for Compounding Customs Offences
The Central Board of Indirect Taxes and Customs (CBIC) has laid down the simplified procedure for compounding offences under the Customs Act.
- CBIC Rolls Out System-generated Centralized Examination Orders for BoE from 5th September
The Central Board of Indirect Taxes and Customs (CBIC) has decided to implement the system-generated centralized examination orders for Bill of Exchanges with effect from 5th September 2022.
Source Taxscan
