Judgment Update | Nature of tax leviable on ex-works sales

Judgment Update | Nature of tax leviable on ex-works sales

This is to apprise you regarding recent ruling of the Authority for Advance Ruling (‘AAR’), Telangana in case of Penna Cement Industries Limited, 2020-VIL-129-AAR. The relevant facts of the case, decision of AAR and our comments, is outlined...

Faceless e-Assessment in Customs laws (Turant Scheme)

Faceless e-Assessment in Customs laws (Turant Scheme)

Through this update, we will apprise you regarding various measures on Paperless Customs and concept of Faceless e-Assessment introduced under Turant Scheme.To tackle the scourge of COVID-19 pandemic, the Central Board of Indirect Taxes and Customs...

Compliance Calendar | June 2020

Compliance Calendar | June 2020

With the spread of COVID-19 pandemic in March 2020, the Government extended various statutory timelines falling between March 20, 2020 to June 29, 2020 till June 30, 2020. In light of the same, it is imperative to be cognizant of following compliances due...

Non-financial benefits available to Exporters and Importers

Non-financial benefits available to Exporters and Importers

The Ministry of Commerce & Industry, Government of India has time and again introduced several schemes for Exporters and Importers to boost cross-border trade.It is often noticed that the exporters claim financial incentives granted under the schemes...

Extension of limitation period under VAT laws

Extension of limitation period under VAT laws

This is in furtherance to our earlier update NITYA’s Insight | Issue 115 | Extension of limitation period prescribed under various laws (specifically VAT laws) qua litigation proceedings (discussed in trailing mail). In that update, we informed that...

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