Update on various incentive schemes announced by the Ministry of Electronics and Information Technology The Ministry of Electronics and Information Technology (‘MEIT’) undertakes measures to incentivize the domestic manufacturers for producing electronic goods. These...
Further relaxations under Indirect Taxes amid COVID-19 outbreak To mitigate the turmoil caused by COVID-19 pandemic, Government is continuously providing reliefs to taxpayers. In this regard, following relief measures have been recently announced: Clarification for...
A dead claim of interest, coming alive? – 2.0 The levy of “interest” often poses interesting disputes and GST law is not an exception. Interest is compensatory in nature and imposed on a taxpayer who withholds payment of tax beyond prescribed time limit. The...
Judgement Update | High Court allows Cenvat credit on outward freight in case of FOR sales This update is to apprise you about the recent decision of the Gujarat High Court in the case of Commissioner, CGST v. Ultratech Cement Limited, 2020 (3) TMI 2016 – GUJ HC. In...
Judgment update | Applicability of GST on payments made to Directors Advance Ruling in the case of Clay Craft India Private Limited, 2020-VIL-86-AAR. In this case, the Applicant sought ruling on the applicability of GST under Reverse Charge Mechanism (‘RCM’) on salary...
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