IGST on ocean freight reverse charge clarified as retrospective by SC ruling, leading to successful rectification of prior demand.

IGST on ocean freight reverse charge clarified as retrospective by SC ruling, leading to successful rectification of prior demand.Case-LawsGSTChallenge concerns taxability of ocean freight under the IGST reverse charge mechanism and rejection of a rectifi

IGST on ocean freight reverse charge clarified as retrospective by SC ruling, leading to successful rectification of prior demand.
Case-Laws
GST
Challenge concerns taxability of ocean freight under the IGST reverse charge mechanism and rejection of a rectification application. The court found the Proper Officer erred in treating a Supreme Court decision as prospective where constitutional precedent requires judgments to operate retrospectively unless expressly prospective, and concluded

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