Judgment Update | Challenge to composition of Authority for Advance Ruling under GST law
This is in furtherance to our update NITYA’s Insight | Issue 49 | Judgement Update | Composition of GSTAT is unconstitutional . In this update, we informed about the Madras High Court judgment that struck down the composition of GSTAT and held it to be...
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)
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...
Judgment Update | GST implications on sale of tools to foreign buyer or purchase of dies from foreign supplier without their physical movement
This is to apprise you on a recent decision of Authority for Advance Ruling, Karnataka (‘AAR’) in case of Dolphin Die Cast (P) Limited, 2020-VIL-125-AAR. In this case, the Applicant sought ruling on GST implications on purchase of die from / and sale of...
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
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
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...
Judgment Update | High Court is bound to follow statutory limitation period
This is to apprise you on recent decision of Supreme Court in the case of Assistant Commissioner (CT) LTU v. Glaxo Smith Kline Consumer Health Care Limited, 2020-VIL-18-SC. Vide this decision, the Supreme Court held that while exercising writ jurisdiction,...
Government’s decisions on various proposals given by SEZs and EOUs
This is in furtherance of our earlier update NITYA's Insight | Issue 117| Relaxation of using existing pre-printed packing materials or wrappers shared vide trailing mail regarding rejection of various proposals of exporters by the Government. Recently,...
