NEW DELHI:
Giving its ruling in the Mohit Minerals case, the Supreme Court held that since the Indian importer is liable to pay IGST on the 'composite supply', comprising of supply of goods and supply of services of transportation, insurance, etc in a CIF (Cost Insurance Freight) contract, a separate levy on the Indian importer for the 'supply of services' by the shipping line would be in violation of the CGST Act.
This story is from the May 23, 2022 edition of The Morning Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the May 23, 2022 edition of The Morning Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Kohli serves treat with intent in Dharamsala
SHORTLY after 8.25 PM local time, a light drizzle at the HPCA Stadium, Dharamsala had eventually transformed into a gentle hail.
With eyes on Paris, Neeraj begins season in Doha DL
The Indian would be aiming to give his best and remain injury-free
UWW takes cognisance of NADA letter on Punia's suspension
A FEW DAYS after being provisionally suspended by the National Anti-Doping Agency (NADA) for allegedly refusing to give his urine sample for dope test, the United World Wrestling has updated its record and listed Tokyo Olympic bronze medallist Bajrang Punia as suspended.
Joselu scripts improbable Real comeback
REAL Madrid produced a spectacular comeback with \"heart\" against Bayern Munich to reach the Champions League final on Wednesday with Joselu striking twice in the dying minutes, earning them a 2-1 win to progress 4-3 on aggregate.
SBI topples RIL as most profitable co in Q4
Bank's annual profit peaked at 61,077 crore, RIL still tops the chart with ₹69,621 crore
TCS CEO and MD took home ₹25.4 cr salary in 2023-24
K KRITHIVASAN, who took charge as the CEO and MD of Tata Consultancy Services (TCS) on June 1, 2023, took home about 25.36 crore salary in FY24.
Oil companies register 71 times profit in FY24
AFTER a tepid FY23, the PSU oil marketing companies have turned the table and raked in record profits in FY24.
Shift in Byju’s strategy: Does away with sales target, offers incentives, cuts course fees
CASH-strapped Byju's has slashed its product prices by at least 30%.
SIP scales to ₹20K cr in Apr; AUM at ₹57.3 L cr
CONTINUING inflows into the most popular mutual fund segment, the systematic investment plans or SIPs set new records in April topping the ₹20,000 crore mark for the first time, and coupled with this and fresh inflows into debt and equity funds took the total assets under management to 57.26 lakh crore in the month, up from ₹55.01 lakh crore in the previous month.
US ship passes Taiwan Strait inviting China's ire
TAIPEI CHINA's military criticized a US destroyer's passage through the Taiwan Strait, which occurred less than two weeks before the island's new president takes office and while Washington and Beijing are making uneven efforts to restore regular military exchanges.
