Explore the GST Refund Challenges Faced by Exporters – Find out the hurdles and solutions exporters encounter when claiming GST refunds.

In the recent judgment of the Hon’ble Madras High Court in the matter of D.  Y. Bethel Enterprises [TS-190-HC(MAD)-2021-GST], wherein assessment orders holding reversal of credit availed by the purchaser for non-payment of tax by the seller were quashed on the ground that no recovery proceedings were initiated against such seller in the first instance.

“Slump Sale” is a buzzword in the field of corporate restructuring. In a practical scenario, companies sell off a portion of their business as part of a restructuring exercise in order to prosper both in size and profitability or for any other reason. One of the modes of such corporate restructuring is through slump sale