Amendments proposed in 31st GST Council meeting The GST Council (‘Council’) convened its 31st Meeting on December 22, 2018 after a gap of almost 3 months. There was a huge expectation in the industry that the Council will rationalize the tax rate on many goods and...
Investigations regarding levy of service tax on incentives/discounts received by the dealers of the vehicle manufacturers, FMCG companies This is to update you regarding recent investigations being undertaken by Directorate General of Goods and Services Tax...
Includability of tool amortization cost in assessable value of goods for levy of GST – Recent developments In reference to our earlier update dated November 27, 2018 on the referred issue, we would like to apprise you regarding the recent Advance Ruling in the...
Investigations regarding inclusion of value of drawings and designs in assessable value of goods for payment of excise duty This is to apprise you regarding recent investigations being undertaken by Directorate General of Goods and Services Tax Intelligence (‘DGGSTI’)...
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