*_No Interest or Penalty on wrong availment of ITC: Madras High Court_*

*In the Favour of Taxpayer* *Issue* Whether proper officer was correct in imposing 100% penalty and interest u/s 50(3) of the CGST Act 2017 where the taxpayer has availed excess transition credit with an intention to utilise the same in future. Where such excess credit availed by the taxpayer remains unutilised, whether department can proceed […]

*_Recovery of Notice Pay is not a Supply under GST: AAR, Maharashtra_*

GST Solutions for Professionals

*In the Favour of Taxpayer* *Issue* Whether the notice pay recovered by the employer from the employee in lieu of not serving the notice period is a supply under Section 7 of CGST Act 2017? Whether the recovery of notice period shall be treated as consideration towards tolerating and forbearing an act of the employee? […]

Practical aspects of Cross Charge you should know as a consultant

Cross Charge in GST

What is Cross Charge? At the outset it is important to understand what cross charge is. Cross Charge is nothing but a recovery of expenses by the head office from its branches. To put it simply, since the branches/factories are the revenue centers and head office acts as a cost center, it apportions the expenses […]