Home Highlights August 2017 Year 2017 This

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1. Levy of Cess under Clean Energy Cess’ 2010 - The court held that the revenue could levy Clean Energy Cess on coal produced and lying in stock as of 30th June 2017, as...

2. Goods and Services Tax Notification issued in Central GST, Integrated GST, UT GST, Compensation Cess etc.

3. Exemption from IGST and compensation cess to EOUs on imports extended till 31.03.2020

4. The GST Council approved formation of a GoM on restructuring Compensation Cess to examine revenue impacts on states post-GST implementation. Key points: Karnataka raised...

5. Capital gain computation - Since the building was semi finished with only RCC roof and walls, the cost of construction could not be considered at the value of Rs.400 per...

6. HC allowed refund of Input Tax Credit for compensation cess on zero-rated supplies, overturning the Additional Commissioner's rejection. The court distinguished between...

7. This circular clarifies the regularization of refund of IGST availed in contravention of rule 96(10) of the WBGST Rules, 2017, where exporters had initially imported...

8. Eligibility of dumpers imported for Coal Mines for benefits under Project Import Regulations- reg. - Order-Instruction

9. DGFT imposed Minimum Import Price (MIP) of Rs. 20,108 per MT on import of Disodium Carbonate (Soda Ash) covered under ITC(HS) Codes 28362010, 28362020 and 28362090 under...

10. Notification No. 37/2023-Customs dated 10.5.23 is validated for the period from 1st April 2023 to 10th May 2023, providing exemption from basic customs duty and AIDC on...

11. Import of coal - coking coal or not - coal imported by appellants under 19 Bills of Entry is eligible for the benefit of exemption notification under 21/2002-Cus - AT

12. The West Bengal Directorate of Commercial Taxes has issued clarifications on GST rates and classifications based on the 55th GST Council meeting. Key determinations...

13. The Goa Commissioner of State Taxes has adopted Circular No. 247/04/2025-GST from the Tax Research Unit, Ministry of Finance, for uniform implementation under the Goa...

14. Exemption form IGST - aircrafts and parts thereof re-imported into India after repairs - the absence of mention of integrated tax and compensation cess in column (3)...

15. Disallowance of making charges - If the making charges rate as determined by the Revenue at Rs.3/- per gram has to be considered, the aforesaid karigar’s net profit...