Silver lining for works contract service providers – ITC eligibility on office construction Article 83: “Silver lining for works contract service providers – ITC eligibility on office construction” The widely propagated idea of seamless flow of Input Tax Credit...
CBIC Instruction on classification of parts & accessories of automobiles comes as relief after much debated Westinghouse judgment We apprised you regarding rising disputes on classification of parts and accessories of automobiles in light of the Supreme Court...
Change in Customs Tariff w.e.f. January 1, 2022 This is to update you that Section 104(iii) of the Finance Act, 2021 which prescribed amendments in the First Schedule of the Customs Tariff Act, 1975 (‘Customs Tariff’) will become effective from January 1, 2022. This...
NITYA | Indirect Tax Bulletin | December 2021 | Week 4 Please click on the below link to NITYA | Indirect Tax Bulletin | December 2021 | Week 4 (Legal Precedents and Recent News) covering all recent updates. NITYA I IDT Bulletin I December I Week 4 We hope you will...
GST implications on ITC availment basis Invoices and Debit Notes not uploaded by suppliers Section 16(2)(aa) of the Central Goods and Services Tax Act, 2017 (‘CGST Act’), inserted vide the Finance Act, 2021, has been made effective from January 1, 2022. This provision...
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