E-Invoicing – A Taxation and Business reform

E-Invoicing – A Taxation and Business reform

The GST Council approved the Schema (Standard technical specifications) of an Electronic Invoice in its 37th meeting, held on September 20, 2019. On December 13, 2019 and January 1, 2020, the Central Government issued various Notifications to align GST law...

Intermediary Service :: Key tests for determination

Intermediary Service :: Key tests for determination

This update intends to discuss the vexed issue of intermediary service where lot of confusion persists in the industry as well as the tax authorities on its coverage. We attempt to lay down relevant tests to determine when will a service qualify as...

Change in MEIS Rates from January 1, 2020

Change in MEIS Rates from January 1, 2020

The recent changes in rates of Merchandise Exports from India (‘MEIS’) Scheme for certain goods. The Central Government provided an additional 2 percent MEIS benefit on certain goods as per its various Public Notices[1].As per Public Notice No. 47/2015...

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