3 Review(s)

With the introduction of GST, the area of indirect tax has witnessed a revolutionary change in the tax system. The taxpayers are still not fully clear of the GST law and thereby high litigation on the subject is expected. Industry trackers also anticipate a spate of litigations ahead. Routine tax matters arise between the tax payer and tax administration and are mainly around interpretation of tax laws. Also, there are cases where government feels that some businesses have not been doing enough to pass on the benefits to consumers, while many businesses feel that the absence of an agreed method to determine incremental benefits, if any, exposes them to a subjective case by case approach by the authorities. There has been a spike in litigation emanating from such issues and in addition to the decisions pronounced by the National Anti-Profiteering Authority, some matters have reached the high courts as well. This book thus intends to act as a reference tool for businessmen, entrepreneurs, professionals and tax officers providing them with a common pool of synopsis of important rulings from the Advance ruling authorities and the landmark judgments of the High Court and the Supreme Court emerging in the GST era and the erstwhile VAT, Service tax and Excise regime arranged in a section wise manner. It seeks to provide its readers, a trustworthy analysis of various rulings passed under the indirect tax regime so that litigation professional could be well arrested at lower levels itself.