Transitional issues pursuant to amendments in Legal Metrology (Packaged Commodities) Rules, 2011 effective April 1, 2022 We apprised on key amendments brought in by Notification No. GSR 779(E) dated November 2, 2021 which amended the Legal Metrology (Packaged...
Key Year End To-do’s from GST, Customs, FTP and Legal Metrology Laws perspective With closing of Financial Year (‘FY’) 2021-22, it is apposite to review overall compliance from legal perspective. In this Outlook, we recommend following key year end checks and To-Do’s...
Applicability of Stamp Duty on Bill of Entry The Bombay High Court in a recent case of Tata Autocomp Systems Limited v. State of Maharashtra, Writ Petition (L) No. 478 of 2022 (‘Tata Autocomp’) granted interim relief by directing Maharashtra Government to refrain from...
NITYA | Indirect Tax Bulletin | March 2022 | Week 1 In this Weekly Bulletin, we have captured following: Rulings Rectification in GSTR-1 Provision of reasons of provisional attachment to taxpayer Levy of GST on electricity charges and DG set rental charges collected...
Section 194R of the Income Tax Act, 1961 and its GST offshoots Vide Budget 2022, the Government has introduced Section 194R in the Income Tax Act, 1961 (‘ITA’) obligating deduction of TDS on ‘any benefit or perquisite, whether convertible into money or not, arising...
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