Refund of unutilised Input Tax Credit (ITC) is allowed in cash on account of the closure of Business.
Omission of Rule 96(10) of the CGST Rules renders all pending proceedings, cases, and petitions pertaining to the said rule stand abated, and petitioners are entitled to claim refunds of IGST paid on export of goods.
Bombay High Court quashes the show cause notice holding that no GST is payable on services supplied by way of transfer of development rights [TDR] or Floor Space Index [FSI]
Section 7(1)(aa) & 2(17)(e) of the Kerala GST Act, insofar as they introduce a levy on activities or transactions between members and their constituents or vice versa, have been held to be ultra vires
ITC reversal of common ITC u/s17(2) required in relation to activity of subscription and redemption of mutual funds
Purchase of an under-construction immovable property from a company under liquidation would not constitute a supply
Apex Court upholds the arrest provisions under Customs and GST with emphasis on the need for procedural rigor and fairness to exercise such powers
Key reforms introduced under the International Financial Services Centre Authority (Fund Management) Regulations, 2025
