Indirect Tax Weekly Digest | 08 April 2019
08 April 2019
Read more about Foreign Trade Policies, Indirect Tax Legislative and Judicial updates in The Indirect Tax Weekly Digest by BDO in India.
This edition of the weekly digest highlights:
- AAR – Kerala - ITC of Compensation Cess on vehicles used for rental business are required to be reversed on proportionate basis
- AAR – Tamil Nadu - ITC can only be availed to the extent of the invoice value raised by the suppliers less the discounts
- AAR – Tamil Nadu - Rate classification on sale of 3-piece Textile fabric cloth under different models
- NAPA - Increase in the base price of the product, when the rate of tax was reduced would amount to Profiteering in terms of Section 171 of CGST Act, 2017.
We hope you find it useful and an interesting read.