Page 15 - GSTL_ 28th May 2020_Vol 36_Part 4

2020 ] INDEX - 28th May, 2020 xiii
Incomes from different sources, scope for inclusion in determining
aggregate turnover for GST registration - See under REGISTRATION
(GST) ........................................ 596
INDIAN PENAL CODE, 1860 :
— Section 348 - See under GST ............................ 498
Input Tax Credit (ITC) of inputs without proper documents, recovery
sustainable - See under RE-CREDIT ....................... 532
— of non-SEZ supplier remaining unutilzed on making zero-rated supply to
SEZ unit, refund not admissible to SEZ unit - See under
REFUND/REFUND CLAIM ........................... 538
— Questions relating to utilization of credit availed and reversal of credit
availed beyond jurisdiction of AAR - See under ADVANCE RULING .... 602
— refund - Method of calculation of refund of unutilized ITC - See under
REFUND/REFUND CLAIM ........................... 530
Insurance policies maturity proceeds, scope of inclusion in determining
aggregate turnover for GST registration - See under REGISTRATION
(GST) ........................................ 596
Interest earned out of deposits/loans/advances, scope of inclusion in
determining aggregate turnover for GST registration - See under
REGISTRATION (GST) .............................. 596
Jurisdiction of AAR on questions relating to utilization of credit availed and
reversal of credit availed - See under ADVANCE RULING .......... 602
Loans - Interest earned out of deposits/loans/advances, scope of inclusion
in determining aggregate turnover for GST registration - See under
REGISTRATION (GST) .............................. 596
Method of calculation of refund of unutilized ITC - See under
REFUND/REFUND CLAIM ........................... 530
Micafungin sodium - Sale of goods by SEZ to its DTA unit - DTA unit of
assessee purchasing Micafungin sodium imported by its SEZ unit - Sale
of bulk drugs so purchased to third party customers, who in turn uses for
preparations of injections - Assessee’s supply to customer was of bulk
drugs being raw material for manufacture of Micafungin sodium for
injection - Supply not to be termed as supply of “Micafungin sodium for
injection” - Relevant entry would have been ‘Micafungin Sodium’ had
intention of Government been to extend benefit of concessional rate to
bulk drugs/raw material - Sale not covered by Serial No. 114 of List
specified under Serial No. 180 of Notification No. 1/2017-C.T. (Rate) and
not entitled for concessional rate of GST at rate of 5% (2.5% CGST + 2.5%
SGST) — In Re : Biocon Ltd. (DTA) (A.A.R. - GST - Kar.) ................. 578
Milk - UHT Sterilized Flavoured Milk - Product consists of
Standardised/Toned milk (87% to 89%) without removal of fat content
thereon, sweetened with around 10% of sugar to which stabilizers,
flavours, etc. are added - Products being marketed as Thick shakes’ and
ready for consumption, specifically excluded under Heading 0402 of
Customs Tariff Act, 1975, as seen from the Explanatory notes to HSN of
the said chapter - Product not lacking any natural milk constituents nor
any natural milk constituents added to the product, therefore, not
classifiable under Heading 0404 ibid also - Product appropriately
classifiable under Tariff Item 2202 99 30 ibid as ‘Beverages containing
milk’ as also clarified by GST Council — In Re : Britannia Industries Limited
(A.A.R. - GST - T.N.) .................................. 582
GST LAW TIMES  28th May 2020  15