Short payment of IGST on imports – Customary to recover, but why dispute Credit eligibility? Over a period of time, recovery of differential duty (post clearance of imports) has become a common practice of the department. Typically, the taxpayer pays such differential...
Non-reflection of all invoices in GSTR-2B of April 2022 due to technical glitch on GST Portal This Outlook intends to update you regarding non-reflection of all invoices in GSTR-2B of April 2022 due to technical glitch on GST Portal: e.f. January 1, 2022, reflection...
NITYA | Indirect Tax Bulletin | May 2022 | Week 1 In this Weekly Bulletin, we have captured following: Rulings Incorrect vehicle type mentioned in E-way Bill Deeming fiction to determine value of land for construction services Taxability of marketing services as...
Inverted duty structure – A turmoil for Traders GST law was introduced with the objective of eliminating cascading effects and having seamless flow of credit throughout supply chain. On the contrary, inverted duty structure divulges a situation when tax on inputs is...
Nature of GST payable on Intermediary service This update intends to discuss vexed issue of nature of GST on Intermediary services viz. IGST or CGST and SGST for services provided to overseas clients. Under the Integrated Goods and Services Tax Act, 2017 (‘IGST Act’),...
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