Introduction of rules for administration of preferential duty claims The Finance Act, 2020 introduced Section 28DA of the Customs Act, 1962 (‘Customs Act’) for Administration of Rules of Origin Under Trade Agreements. This provision contains measures for monitoring...
Interest on net tax liability –Section 50 amendment notified prospectively We apprised you on our take on levy of interest on delayed payment of GST on gross vs. net liability. This email intends to update you on latest developments on the issue. Brief Background...
CBIC makes virtual hearings mandatory before Appellate Authorities, Adjudicating Authorities and Compounding Authorities The CBIC vide Instruction dated April 27, 2020 (‘Instruction 1’) initiated virtual hearings before Appellate Authorities and Adjudicating...
Inverted Tax Refund – foundation shaken by Judiciary! NITYA Tax Associates is proud to present their recent write-up in the ‘Article’ series on trending indirect tax issues. A gist of the next article in the series is as under: Article 46 – “Inverted Tax Refund –...
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