Latest update on Goods & Services Act, 2017 and E-Way Bill

Get the latest update on Goods & Services Act, 2017 and E-Way Bill


Judgment delivered by the Hon'ble Supreme Court of India in the case of "Commissioner of Trade and Taxes Delhi V/s Arise India Limited" decided on 10-01-2018, in which, the judgment of Delhi High Court was upheld, which is in favor of dealers and the appeal of the revenue was dismissed.

This is very important judgment on the issue of Input Tax Credit, important judgment delivered by Hon'ble Supreme Court on the issue of input tax credit that burden of selling dealer cannot be fastened on purchasing dealer. Beside this, Article 141 of the Indian Constitution clearly lays down that it has binding effect beside this judgment plays vital role in GST Act on the issue of purchases made by purchaser who has paid tax to seller and later on, his claim has denied on flimsy grounds that the purchases are bogus.