GST NEWS BULLETIN

Rule 89(4)(c) is ‘ultra-vires’ to the provisions of GST law and held ‘unconstitutional’

The Hon’ble Karnataka High Court in M/s. Tonbo Imaging India Pvt Ltd v. Union of India [W.P.C No. 13185 of 2020] (T-RES) dated February 16, 2023] has held that Rule 89 (4)(c) of the Central Goods and Service Tax Rules, 2017 ("the CGST Rules”) which restricts the exports made without payment of tax (i.e., under Letter of Undertaking model (“LUT Model”)) to 1.5 times value

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Clarification regarding GST rate and classification of ‘Rab’ based on the recommendation of the 49th GST Council meeting

The CBIC vide Circular No. 191/03/2023-GST dated March 27, 2023, has issued a clarification regarding the GST rate and classification of ‘Rab’ based on the recommendation of the GST Council in its 49th meeting held on February 18, 2023. Based on the recommendation of the GST council in its 49th meeting, held on February 18, 2023, with effect from March 01, 2023

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