NITYA Legal Precedents | November 2020 | Week 4
Please click below link to NITYA Legal Precedents | November 2020 | Week 4 (Writs) covering the decisions for the week ending November 26, 2020 for your kind perusal. NITYA Legal Precedents I November 2020 I Week 4 We hope you will enjoy reading NITYA Legal...
Rejection of GST refund claims through deficiency memo – Implications on limitation and interest on delayed grant of refund
Upcoming litigations on rejection of GST refund claims through deficiency memo and implications on limitation and interest on delayed grant of refund. Legal provisions governing the field and its implications are discussed as under: Legal Provisions Section 54 of the...
Reconciliation of ITC on imported goods from July 2017 onwards and availing missed ITC
A new facility has been introduced on GST portal wherein the taxpayers can view details of Bill of Entry (BOE) filed for goods imported through EDI ports. These details are available for the period July 2017 onwards in GSTR-2A (under...
NITYA Legal Precedents | November 2020 | Week 2 and 3
Please find below link to NITYA Legal Precedents | November 2020 | Week 2 and 3 (Writs, Advance Rulings and Other Rulings) covering the decisions for 2nd and 3rd week of November 2020 for your kind perusal. NITYA Legal Precedents I November 2020 I Week 2 and 3 We hope...
Availability of output GST refund to Advance Authorization holders – Impact of Gujarat High Court decision
Through this update, we wish to apprise you regarding recent ruling in the case of Cosmo Films v. UOI, 2020-VIL-514-GUJ wherein the vires of amendment made to Rule 96(10) of the Central Goods and Services Tax Rules, 2017 (‘CGST Rules’) vide Notification No.54/2018 –...
Recent developments relating to Foreign Trade Policy
The Government has recently made following important announcements relating to Foreign Trade Policy (‘FTP’): Inviting suggestions for new Foreign Trade Policy DGFT vide its Trade Notice No. 34/2020-21 dated November 12, 2020 has invited suggestions from various Export...
Government notifies recommendation of 42nd GST Council Meeting and extends requirement of mandatory E-Invoicing to taxpayers having turnover exceeding Rs.100 crores
The Central Government has now, notified these recommendations. Key changes are tabulated below: Notification Amendments / Changes 82/2020-Central Tax dated November 10, 2020 (Quarterly Return and Monthly Payment Scheme and GSTR-2B) · Introduction of optional...
Advance Ruling Mechanism under GST Laws: A Stitch in Time, Saves Nine
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 54 – “Advance Ruling Mechanism under GST Laws: A Stitch in Time, Saves Nine” ‘The...
NITYA Legal Precedents | November 2020 | Week 1
Please find below link to NITYA Legal Precedents | November 2020 | Week 1 (Writs and Other Rulings) covering the decisions for the week ending November 5, 2020 for your kind perusal. NITYA Legal Precedents I November 2020 I Week 1 We hope you will enjoy reading NITYA...
