Revised timelines for taking Input Tax Credit pertaining to Financial Year 2017-18 This is to apprise you regarding the recent judgement of the Gujrat High Court in the case of AAP and Co. v. Union of India, 2019-VIL-314-GUJ wherein the Court was dealing with the...
Budget 2019 : Key Indirect Tax Proposals The first budget of the Modi 2.0 Government had a pragmatic approach towards a bright and stable new India, based on the principle of “Reform, Perform and Transform”. Various Government initiatives like ‘Digital India’,...
Clarifications on GST treatment of sales promotion schemes The Ministry of Finance has issued Circular No. 105/24/2019-GST dated June 28, 2019, clarifying various issues on secondary or post sales discounts given by manufacturers / wholesalers (‘Supplier’) to their...
Notifications, Circulars and Orders issued post 35th GST Council Meeting The GST Council convened its 35th Meeting on June 21, 2019. Several Notifications, Circulars and Orders have been issued in order to effectuate the decisions of the meeting.‘NITYA’s Insight...
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