AUGUST 2022 (Week 5)

GST NEWS BULLETIN

GST to be levied on cancellation of confirmed train ticket: Finance Ministry

People often book tickets well in advance to secure a confirmed seat. However, many are forced to cancel their tickets due to a change in plan or some last-minute emergencies. The cancellation of a confirmed railway ticket will now be costlier as it would attract Goods and Services Tax (GST).

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Refund to be granted in cash towards accumulated CENVAT credit on exports during the Pre-GST regime

The CESTAT, Mumbai in the matter of M/s Oil States Industries India Pvt. Ltd v. Commissioner of CGST & Central Excise, Raigad [FINAL ORDER NO. A/85680 / 2022 dated August 5, 2022] has held that the assessee is entitled to get a cash refund with applicable interest, if any, against CENVAT Credit on exports available during the Pre-GST regime as per provision contained in Section 142(3) of the CGST Act.

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