IGST

Ruling was delivered in a case in which a CA and an advocate were arrested for rendering service to exporters who were alleged to have fraudulently claimed a refund of IGST

Ocean freight is the cost incurred through an agreement between two foreign parties to ship goods to India

This is subject to submission to Customs a certificate from the local GST officer that input tax credit has not been taken, and no refund of such ITC or IGST paid on the goods has been claimed

But suggests GST Council, states consider mechanism for reimbursing eligible units

GST collections in September rose 26 per cent to over Rs 1.47 lakh crore, the finance ministry said on Saturday. Goods and Services Tax (GST) mop-up has been over Rs 1.40 lakh crore for seven months in a row. The gross GST revenue collected in the month of September 2022 is Rs 1,47,686 crore, of which Central GST is Rs 25,271 crore, State GST is Rs 31,813 crore, Integrated GST is Rs 80,464 crore (including Rs 41,215 crore collected on import of goods) and Cess is Rs 10,137 crore (including Rs 856 crore collected on import of goods), the ministry said in a statement.

Mop-up increases 28% YoY in August to Rs 1.43 trillion; most big states see double-digit growth in collections

But a longer-term perspective on state collections raises questions on GST's ability to fulfil certain primary objectives

Indian importer is liable to pay IGST on the 'composite supply' in a CIF contract, a separate levy for the supply of services' by the shipping line would be in violation of ... the CGST Act: SC

Verdict upholds federal rights of states and the people: Kerala FM Balagopal

SC has done well to reiterate GST Council's position

Tops Rs 1.5 trillion for the first time; record collections for 2 months in a row

GST collections dropped below the Rs 1.2 trillion mark only once in the last six months. These are astounding statistics for a tax system that naysayers had written off as being a failure.

GST revenue from imports - The Indian imports have grown especially from China and so is import IGST. But as a proportion of total GST collections, revenue from imports has remained the same.

They pleaded for quashing of a govt petition filed in the apex court against a Gujarat HC ruling that had declared IGST on ocean freight as violative of the Constitution

The Integrated Goods and Services Tax (IGST) is shared between the Centre and states in the 50:50 ratio

In the case of related party transactions, where contemporaneous imports/exports are not available, the matter goes to the Special Valuation Branch for further investigations

The Supreme Court stayed a Delhi High Court order holding as "unconstitutional the imposition of IGST by the Centre on import of oxygen concentrators by individuals for personal use

The Supreme Court stayed the operation of a Delhi High Court order holding as "unconstitutional the imposition of the IGST by the Centre on import of oxygen concentrators for personal use

Under the GST laws, hundreds of mass consumption items and essential services are exempted fully or attract a lower rate of tax than the standard rate of 18%

The notification no.28/2021-Cus dated April 24, 2021 does not exempt IGST leviable on medical goods