GST NEWS BULLETIN

Clearing and Forwarding (C&F) agent service is an admissible input service for CENVAT credit

The CESTAT, Ahmedabad in the matter of M/s. NITCO LIMITED v C.C.E. & S.T.-DAMAN [Excise Appeal No. 13016 of 2019] has held that the Clearing and Forwarding (“C&F”) agent service is an admissible input service in the terms of Rule 2(l) of the CENVAT Credit Rules, 2004 (“the CENVAT Credit Rules”).

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ITC denied if the buyer had knowledge of the investigation going on against his supplier

The Hon’ble High Court of Madhya Pradesh in the matter of M/s Dhara Enterprises v. Appellate Authority & Joint Commissioner [Writ Petition No.27676 of 2019 dated May 12, 2022] has held that the order passed by the Revenue Department imposing the tax liability on the assessee is valid on the ground that the assessee was well aware with the transaction alleged as ineligible on which the benefit of Input Tax Credit (“ITC”) was availed by him.

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