ITC eligibility on works contract services Section 16 of the Central Goods and Services Tax Act, 2017 (‘CGST Act’) allows Input Tax Credit (‘ITC’) on all goods and services procured in course and furtherance of business. However, the legislature has barred ITC on...
NITYA | Indirect Tax Bulletin | April 2021 | Week 3 – May 2021 | Week 1 Please click on the below link to NITYA | Indirect Tax Bulletin | April 2021 | Week 3 – May 2021 | Week 1 (Legal Precedents and Other Updates) covering all recent updates for your kind...
International Trade Law Update #24 On May 12, 2021 DGTR published its final findings recommending levy of ADD on import of Acrylonitrile Butadiene Rubber from EU, Japan, Russia and China. The product under consideration excludes Latex NBR, Liquid NBR, Powder NBR and...
International Trade Law Update #23 Recently DGTR published office memorandum dated April 6, 2021 issued by Ministry of Finance informing its decision to not impose Anti-Dumping Duty on import of Viscose Spun Yarn from China, Indonesia and Vietnam. DGTR published its...
International Trade Law Update #5: No Anti-Subsidy Duty on Clear Float Glass exported from Malaysia: On March 30, 2021, Ministry of Finance issued notification deciding not to impose Anti-Subsidy Duty on import of Clear Float Glass despite positive recommendation of...
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