The Tax Post-A Bi-monthly Indirect Tax Bulletin - September 2024

BDO in India is pleased to present ‘The Tax Post’ - A bi-monthly Indirect Tax Bulletin focusing on the world of Indirect Taxes and highlighting major trends across the space in India and globally, while also bringing forth practical views and experiences from our tax experts.

Presenting edition 26 of The Tax Post, spotlighting key industry trends:

Cover Story – Discusses on the imposition of interest and penalty on delayed payments of Customs duties levied under Section 3 of the Customs Tariff Act, 1975 along with the relevant judicial precedents as well as the amendments made by the Finance (No.2) Act, 2024.

Expert Speak – Examines the GST Amnesty Scheme proposed under Section 128A of the Central Goods and Services Tax Act, 2017 inter alia covering the applicability, benefits and open issues pertaining to the Amnesty Scheme.

In Tales – Dissects the sports events industry, including issues faced by the industry from an Indirect Tax perspective.

Decoded – Examines the recent advance ruling given by the Authority for Advance Ruling, Andhra Pradesh inter alia holding that outward supply of goods procured by the Taxpayer from an Indian company undergoing liquidation for onward dismantling and export to Myanmar is neither export of goods/ services nor exempted under the GST law.


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