Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
No IGST Is Payable On Ocean Freight Under Reverse Charge Mechanism; Madras High Court Directs Refund
The Madras High Court ruled in favor of a taxpayer seeking a refund of IGST paid on ocean freight under the reverse charge mechanism. The court found that the levy was unconstitutional, supporting the taxpayer's claim for a refund. This decision has significant implications for businesses engaged in international trade, as it challenges the application of the reverse charge mechanism on certain import-related expenses.