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    SBS Wiki E Journal March 2023

    SBS Wiki E Journal March 2023

    In this 104 edition, we bring you articles on two important aspects. The first one is the analysis of the recent judgments of High Courts surrounding the re‐assessment controversy. Now, the question that is being texted is the fate of assessments for AY 13‐14 and 14‐15. Unless the matter is again solved by the apex court, this particular issue continues to haunt us. We have analysed three important decisions of High Courts on the said issue and provided our comments.

    The next article is on the taxability of issuance of vouchers under GST laws. The recent Karnataka High Court decision in Premier Sales Corporation appears to be opening a can of worms under the GST laws for the said issue. We have taken the judgment as a base, travelled back in time and to see, how vouchers are treated under the indirect tax regime, to understand the current taxability of the same.

    We have also collated certain important judgments under direct tax and indirect tax laws, provided our comments wherever necessary. I hope that you will have good time reading this edition and please do share your feedback.

    Key Topics:

    GST

    • GST IMPLICATIONS ON ISSUE OF VOUCHERS

    DIRECT TAX

    • REASSESSMENT CONTROVERSY ‐ POST SC DECISION IN ASHISH AGARWAL

    SUMMARY OF JUDGEMENTS

    • SUMMARY OF GST DECISIONS
    • SUMMARY OF IT DECISIONS
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