Latest GST Judicial Trends: Key Rulings Every Taxpayer Should Know – January 2024 Update
Navigating India’s Goods and Services Tax (GST) landscape can be challenging, especially with evolving judicial interpretations that significantly impact businesses. The January 2024 edition of CNK & Associates LLP’s GST Judicial Decisions offers crucial insights into recent court rulings that are reshaping GST compliance and refund processes.
This update covers landmark decisions including the eligibility for GST refunds under inverted duty structures, the classification of international telecom services as exports, and the affirmation of taxpayers’ rights in cases of procedural lapses and ITC reversals. Courts across India, including the Rajasthan, Delhi, Madras, Kerala, and Calcutta High Courts, as well as the Supreme Court, weighed in on these matters—setting significant precedents for taxpayers.
Key highlights include:
- GST refund eligibility upheld even with multiple input and output tax rates.
- Telecom services provided to foreign subscribers in India qualified as export of services, eligible for IGST refund.
- Courts reinforcing the right to fair hearing and procedural justice in assessment cases.
- Permission granted for rectification of GSTR-3B filing errors relating to ITC classification.
- Supreme Court backs High Court stance: no automatic ITC reversal from buyers for supplier defaults.
These rulings underline the importance of understanding your legal rights under the GST regime and offer actionable takeaways for finance teams and tax professionals.
