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Indirect Tax Weekly Digest | 20 April 2021

20 April 2021

Read more about Indirect Tax Legislative, Judicial updates and Foreign Trade Policies in The Indirect Tax Weekly Digest by BDO in India.

This edition of the weekly digest highlights:   

  • AAR, Gujarat - Availment of Input Tax Credit (ITC) basis Debit Note (DN) issued beyond time limit prescribed in Section 16(4) of CGST Act, 2017 is illegal, even after delinking of DN from invoice through amendment vide notification no:92/2020-Central Tax dated 22 December 2020;
  • AAR, Gujarat - Interest on delayed payment of consideration is liable to GST;
  • High Court of Gauhati - A change of law subsequently would not make an action taken earlier by a quasi-judicial authority in terms of law as it stood then invalid.

We hope you find it useful and an interesting read.