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The implementation of GST in India has significantly impacted branch transfers within the textile industry, where the movement of goods between units with separate GSTINs (even under the same PAN) is considered a taxable supply. According to Para 2 of Schedule-I of the Central Goods and Services Tax (CGST) Act, 2017, supplies of goods or services or both between distinct persons, even without consideration, are treated as taxable supplies. This has led to several issues affecting...

The United States plays a pivotal role in the global textile and apparel market, both as a major importer and exporter. In 2024, the U.S. imported textiles and apparel valued at approximately $107 billion, marking a 2.6% increase from the previous year. However, during the first half of 2024, imports experienced a 3.58?cline, totaling $49.3 billion, influenced by inflationary pressures and supply chain challenges. The U.S. market is one of the most critical destinations for Indian...

Case law 1 - ITC CANNOT BE DENIED FOR INADVERTENT ERROR IN INVOICE BY THE SUPPLIER

M/s. B. Braun Medical India Pvt Ltd. Vs Union of India & ORS. 2025 (3) TMI 774 – Delhi High Court

Facts:

• Petitioner is engaged in the sale of pharmaceutical products and medical devices.
• Petitioner has purchased a large quantity of products from M/s. Ahlcon Pvt. Ltd. (Supplier).
• The invoices issued by the Supplier inadvertently reflected the Bombay address and GSTIN instead of Delhi...