High Court allows refund on input services under “inverted tax” category, holds restriction in CGST Rules as ultra-vires In an important judgment in the case of VKC Footsteps India Private Limited v. UOI, 2020-VIL-340-GUJ, the Gujarat High Court held Rule 89(5) of the...
Government’s proposals on decriminalization of penal provisions under Legal Metrology law This is to apprise you regarding recent proposal dated July 13, 2020 issued by the Legal Metrology Division, Ministry of Consumer Affairs to decriminalize penal provisions under...
New Initiatives under Customs Turant Scheme We informed about reforms brought under the flagship Customs Turant Scheme such as electronic communication of Shipping Bill & e-Gatepass and faceless e-assessment at Bengaluru and Chennai. Vide Circular No. 32/ 2020-...
Classification of Goods Transport Agency service Under GST law, transportation of goods by road is an exempt supply. The exemption does not apply where such service is provided by Goods Transport Agency (‘GTA’). Vide this Outlook, we are discussing necessary...
ITC eligibility on reverse charge supplies procured from registered suppliers This Outlook intends to apprise you regarding Input Tax Credit (‘ITC’) of tax paid under Reverse Charge Mechanism (‘RCM’) considering restriction prescribed under Rule 36(4) of the Central...
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