CGST REMOVAL OF DIFFICULTY ORDERS

Order No. Dated Subject
04/2019 29.03.2019 To remove difficulty in case of supply of services covered by clause (b) of paragraph 5 of Schedule II of the CGST Act, 2017

COMMUNITY INSIGHTS

Topic

Publish Date

GST Implications on Initial Public Offerings (IPOs) and Offers for Sale (OFS) in India

The introduction of the Goods and Services Tax (GST) in India in July 2017 marked a monumental shift in the country's indirect tax regime, aiming for a unified and simplified taxation system. While the primary objective was to streamline the taxation of goods and services, its application to the capital markets, particularly Initial Public Offerings (IPOs) and Offers for Sale (OFS), has given rise to intricate interpretations and compliance challenges............ Read More

 07.07.2025

CASE LAW

Particulars

One liner
2024(04)LCX0184

Delhi High Court

Pace Setters Business Solutions Private Limited

 Levy of GST on recovery agent services under reverse charge and corresponding denial of input tax credit is constitutionally valid, not arbitrary, and does not violate Article 14.
 
2024(03)LCX0330

Kerala High Court

Philips Auto Agencies (India) Private Limited

 ITC denied in assessment of the GST for the year 2018-19 needs reconsideration as statement of mismatch between 2A and 3B is not provided to assessee in terms of Section 73(3) of GST Act.