GST NEWS BULLETIN

GST Council can recommend rates, but can't determine classification: High Court allows petition challenging flavoured milk classification

The Hon’ble Madras High Court in the case of M/s. Parle Agro Private Limited v. Union of India & Ors. [W.P. No. 16608 & 16613 of 2020 dated October 31, 2023] allowed the Writ Petition and held that the Flavoured Milk is to be classified under Heading 0402 of the Customs Tariff Act, 1975 (“the Customs Tariff Act”) and is therefore, liable to Central Tax......

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GSTN issued an important advisory regarding the ITC Reversal on Account of Rule 37(A)

he GSTN issued Important Advisory No. 613 dated November 14, 2023, regarding the ITC Reversal on Account of Rule 37(A) of the CGST Rules, 2017. Vide Rule 37A of CGST Rules, 2017 the taxpayers have to reverse the Input Tax Credit (ITC) availed on such invoice or debit note, the details of which have been furnished by their supplier in their GSTR-1/IFF......

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