Masters India

Centre to Examine Supreme Court’s Order Prior Appealing Against it

Seep Gupta
Seep Gupta at March 06, 2023
banner1
banner1

Centre to Examine Supreme Court’s Order

The Finance Ministry has said that it will first scrutinize and carefully examine the Supreme Court’s judgment on the limited powers of the GST council before taking any decision of appeal against it. It also stated that the verdict was only a reiteration of the existing law. However, any appeal would be related to the integrated GST aspect as the court has already dealt with it.

The ruling of the Supreme Court

Recently Supreme Court gave its verdict on the GST council A bench led by Justice D.Y. Chandrachud ruled that the central government and the states have simultaneous powers to legislate on the matters related to the Goods and Service Tax (GST). The recommendations of the GST council are not binding both on the center and the states.
According to Athena law Associate partner, “GST council is a constitutional body that frames laws concerning GST both for the center and for states”. It is important to have one single uniform law to regulate the GST council otherwise every state would start to make laws according to their own policies.

 

Statistical Views and Report Analysis

According to the associated partner of the Lakshimkumaran and Sridharan attorneys, “It is also imperative for the trade to evaluate the positions to be adopted in respect of the GST already remitted on ocean freight and explore the possibility to claim refunds. Assessees could take a stand to not remit GST on ocean freights. Only time will tell if this decision will attract amendments to render the levy on ocean freights constitutional”.

According to the report by the PWC analysis, The GST council can now evaluate the filing of refund claims of IGST. This latest verdict by the Supreme Court will further expedite the pending litigation related to GST cases. According to the report, the decision of the Supreme Court is recommendatory in nature rather than binding.

Rate your experience
4.80 / 5. Vote count: 114
GST API
Use GST API to build your own GST compliance application.

Check out other Similar Posts

No Data found
No Blogs to show
Need Help in Getting Started?
Make smart decision to replace your manual work with modern solution and improve your business output
Request Callback
Continue Browsing
Subscribe Now!
Receive GST, E way bill, e-Invoice, Accounts payable and OCR updates from our experts.
logo
Chat with us

😄Hello. Welcome to Masters India! I'm here to answer any questions you might have about Masters India Products & APIs. What brings you to our website today?

Looking for

GST Software

E-Way Bill Software

E-Invoice Software

BOE TO Excel Conversion

Accounts Payable Software

Invoice OCR Software/APIs

GST API

GST Verification API

E-Way Bill API

E-Invoicing API

KSA E-Invoice APIs

Vehicle tracking

Vendor Verification API

Other Requirement