Unfamiliar Terrain of Loyalty Points and GST
Levying GST on atypical forms of consideration is a familiar problem under GST regime. One such problem relates to the levy of GST on vouchers issued by a supplier. While we have a modicum of certainty on… Read More »Unfamiliar Terrain of Loyalty Points and GST
Can Cash be Seized During GST Inspections?
Section 67 of the CGST Act, 2017 deals with powers of inspection, search, and seizure of officers and Section 67(2) specifically empowers the officers carrying out an inspection to seize goods and documents. Courts have… Read More »Can Cash be Seized During GST Inspections?
State’s Powers to Secure Loans: Kerala-Union Tussle
The State of Kerala (‘Kerala’) recently filed an original suit against the Union of India (‘Union’) alleging that the latter has interfered with its fiscal autonomy by imposing a ceiling limit on its borrowing powers. The issue… Read More »State’s Powers to Secure Loans: Kerala-Union Tussle
Lessons from NAA: Parameters of a Fair Dispute Resolution Body
The experience of transitioning from retail sales tax to VAT laws in 2002-03 provided a learning that a similar transition to GST may be used as a pretext by suppliers to artificially increase the prices… Read More »Lessons from NAA: Parameters of a Fair Dispute Resolution Body
Supply of Vouchers and GST: Three Decisions and a Defensible Conclusion
This article focuses on the issue raised by M/s Kalyan Jewellers Limited (‘Kalyan Jewellers’) as regards the pre-paid instruments (‘PPI’)/vouchers issued by them to their customers. The claim of Kalyan Jewellers before the Advance Authority (‘AAR’), Appellate body… Read More »Supply of Vouchers and GST: Three Decisions and a Defensible Conclusion
Religious Vows and Income Tax Obligations: Harmony to Clash
The Supreme Court is currently seized of a matter which, at its core, involves determining to what extent do the religious beliefs of a person exempt them from withholding tax obligations under the IT Act,… Read More »Religious Vows and Income Tax Obligations: Harmony to Clash
Tax Residency Certificate and Stakes in the Blackstone Case – II
In the first part of this Article, I detailed Delhi High Court’s decision in the Blackstone case. This part focuses on the immediate and larger issues that are likely to be considered by the Supreme Court in… Read More »Tax Residency Certificate and Stakes in the Blackstone Case – II
Tax Residency Certificate and Stakes in Blackstone Case – I
In BlackStone case framed the following as the main issue for consideration: whether the Income Tax Department can go behind the tax residency certificate (‘TRC’) issued by another jurisdiction and issue a re-assessment notice under Section 147,… Read More »Tax Residency Certificate and Stakes in Blackstone Case – I
An Ambiguous Circular: Is Electricity Indirectly under GST?
On 31.10.2023, CBIC issued a Circular clarifying the applicability of GST on certain services. The Circular, inter alia, clarified one issue which is the focus of this article. The issue, as framed by the Circular, was: Whether GST… Read More »An Ambiguous Circular: Is Electricity Indirectly under GST?- « Previous
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