NITYA | Indirect Tax Bulletin | February 2022 | Week 4 In this Weekly Bulletin, we have captured following: Rulings Refund of Cenvat Credit under Section 142(3) Our Managing Associate, Sourabh Kumar has also given his insights on this issue in a short video. Please...
Applicability of Section 16(2)(aa) in specific scenarios The introduction of Section 16(2)(aa) in the CGST Act (effective January 2022) has imposed additional obligations on recipients for claiming ITC. This provision allows ITC to recipient if ‘supplier has furnished...
NITYA | Indirect Tax Bulletin | February 2022 | Week 3 In this Weekly Bulletin, we have captured following: Rulings • Time limit to avail ITC Please click on the below link to NITYA | Indirect Tax Bulletin | February 2022 | Week 3 (Legal Precedents) covering all...
Refund of Social Welfare Surcharge paid in past when Customs Duty was exempt CBIC Circular No. 3/2022 – Customs dated February 1, 2022 (‘SWS Exemption Circular’) comes as relief and likely to settle issue of applicability of Social Welfare Surcharge (‘SWS’) wherein...
NITYA | Indirect Tax Bulletin | February | Week 2 In this Weekly Bulletin, we have captured following: Rulings Applicability of GST on renting of hostel Please click on the link below to NITYA | Indirect Tax Bulletin | February 2022 | Week 2 (Legal Precedents)...
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