Rely law not circular. One more time view on limitation vindicated. Time period for filing of Refund gets extended by the order of hon'ble SC in SMWP No. 3/2020. After madras, now hon'ble Bom HC also confirms same in case of Saiher Supply Consulting PL Vs. UOI.

Limitation period extended by hon’ble SC is applicable on the refund application in GST Law. The detailed order can be found in the link. ⁦CBIC⁩ #supremecourt #bombay #gst linkedin.com/posts/neha-set…

Income from Virtual Digital Asset to be taxed at the rate of 30%, only deduction on account of cost of procurement allowed. Government basically catered to taxation of cryptocurrencies. Ministry of Finance PHD Chamber #incometax #Budget2022 #BudgetWithCNBCTV18

ITC once credited to ECL is part of common pool of ITC and it can be utilised for pymt of output tax. No one to one nexus of input vs output is required to be proven for utilisation of ITC linkedin.com/posts/neha-set… #GSTQ #businessgrowth #gstindia @GST_Hero PHD Chamber CBIC

Rule 86A contains the drastic power of blocking the ECL of taxpayer & utilisation of ITC is restricted. Bombay HC has set aside the order of Rule 86A in case of DEE VEE Projects Ltd. Order enclosed linkedin.com/posts/neha-set… PHD Chamber @GST_Hero #legaltech #TaxTwitter #TaxTheRich

Hostels are exempted from GST as they are used as residence as held by hon'ble Karnataka HC. Link below: PHD Chamber GST Insights 🇮🇳 @GST_Hero CBIC #GST #legaltech #lawschool linkedin.com/posts/neha-set…

Settled rule under tax laws: If mechanism fails - levy fails. On the contrary, if mechanism fails/ deficient for refund - what to do ? Good case which demonstrates failure of mechanism will not come in way of substantial benefit/ relief 4 taxpayer. Guj HC in WP No. 13491/2021

Amount retained by the company out of toll collection cannot be termed as commission and hence toll collection is exempt under service tax.

#CNBCTV18Exclusive | #GST Council decides to ease compliance for taxpayers. GST Council allows amendments in GSTR3B (monthly GST return to be filed by taxpayers), sources to Timsy Jaipuria

Payment of tax demand - Permissible to be debited from ECr.Ledger (i.e. by use of ITC) - Circular No. 172/2022, Dt. 06.07.2022 After contradictory judgements from high courts (Orisha & Delhi) CBIC has clarified the position in true spirit of the law. Welcome Step. #GST

Levy of VAT by Dept at higher rate on food served has been turned down by RHC - Assessee didn’t obtain any star category from Ministry of Tourism - Liquor license fee was paid under protest at higher rate - RHC didn’t interfere in order of RTB Jatin Harjai #vat #legal #rvat

Shocked and saddened to hear sudden demise of Mr. Cyrus Mistry, chairman of TATA group due to accident. Gone too soon. RIP 🙏 #TataGroup #NDTVTopStories

Payment of CGST and SGST cannot be deemed to be paid as IGST - Held by Patna High Court. For details refer the below link: #gst #cbic #Law #gstupdate linkedin.com/posts/neha-set…

Common credit to be considered for computing reversal of CENVAT credit under CENVAT credit rules. ⁦CBIC⁩ ⁦Finance and Taxation⁩ linkedin.com/posts/neha-set…

Email of the importer can be relied to enhance the valuation of imported goods. #customs #valuation #import #cbic linkedin.com/posts/neha-set…