Inshorts

The 47th GST Council Meeting

The 47th GST Council meeting was conducted on the 28th and 29th of June, 2022 at Chandigarh under the Chairmanship of Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman. The Council recommended, among other matters, removal of certain exemptions, Change in tax rates and inclusion of certain goods…
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INDIRECT TAX NEWSLETTER FOR THE WEEK ENDED 2-7-2022

Here is a short summary of the week that went by :  Notifications: Customs, FTP and SEZ Notification No. 32/2022- Customs dated 30.06.2022: By virtue of this notification, Petroleum, Crude and Aviation Turbine fuel has been exempted from levy of Special Additional Excise Duty (SAD). Notification No. 33/2022- Customs dated…
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INDIRECT TAX NEWSLETTER BY NOVELLO ADVISORS

THE WEEK THAT WENT BY Week Ending 18.06.2022 GOODS AND SERVICE TAX Instruction No. 03/2022-GST dated 14.06.2022 Summary Instructions have been laid down to pass speaking orders along with the refund sanction order in Form GST RFD-06. The speaking order should contain details such as the period, date, category for…
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M/s Munjal Maneesh Bhatt v. UOI

M/s Munjal Maneesh Bhatt v. UOI May 7, 2022 FACTS OF THE CASE: The applicant is a practicing advocate in the Gujarat High Court. The applicant entered into an agreement dated 29th September 2020 with the Navratna Organisers & Developers Pvt. Ltd., (herein referred to as the Developers or the…
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Import of Coal and Coke under AIECTA

Import of Coal and Coke under AIECTA April 22, 2022 EXECUTIVE SUMMARY The Australia India Economic Cooperation and Trade Agreement (AIECTA) is indeed a bonanza for India Inc. This Note addresses the benefit of Import Coal or Coke under the AIECTA arrangement. Heavy metal manufacturing Industries and Power Plants (including…
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