Changes proposed in 45th GST Council Meeting
The much awaited 45th GST Council meeting in Lucknow held on September 17, 2021, was first physical meeting after onset of Covid-19. The meeting had a long agenda and witnessed clear intent of GST Council to settle various disputable issues. Pursuant to this meeting,...
Time limit for filing applications for duty credit scrips and validity period of such scrips
We apprised you that the Central Government via Press Release dated September 9, 2021, announced fund allocation for disbursal of pending export incentives to exporters under various Export Promotion Schemes. Press Release also indicated that the last date of filing...
Centre approves PLI Scheme for Automobile Industry
Vide recent Press Release dated September 15, 2021, the Government has approved the Production-Linked Incentive (‘PLI’) Scheme for Automobile Industry and Drone Industry with a budgetary outlay of Rs 26,058 Crores over a period of 5 years. PLI Scheme for Automobile...
RoDTEP – Dropped from the sky, stuck on a tree!
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 75 – “RoDTEP - Dropped from the sky, stuck on a tree!” In a landmark move aiming to...
NITYA | Indirect Tax Bulletin | September 2021 | Week 2
Please click on the below link to NITYA | Indirect Tax Bulletin | September 2021 | Week 2 (Legal Precedents and Recent News) covering all recent updates for your kind perusal. NITYA I Indirect Tax Bulletin I Septmber 2021 I Week 2 We hope you will enjoy reading NITYA...
Classification of parts and accessories of motor vehicles: Rekindling the ‘Nomenclature’?
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 74 – “Classification of parts and accessories of motor vehicles: Rekindling the...
Government releases funds for pending export incentives
The Central Government via a Press Release dated September 9, 2021 has announced fund allocation for disbursal of various pending export incentives to exporters under various Export Promotion Schemes. Highlights of the Press Release is provided as under: Fund...
NITYA | Indirect Tax Bulletin | September 2021 | Week 1
Please click on the below link to NITYA | Indirect Tax Bulletin | September 2021 | Week 1 (Legal Precedents, Other Updates and Recent News) covering all recent updates. NITYA I Indirect Tax Bulletin I September 2021 I Week 1 We hope you will enjoy reading NITYA |...
Mandatory registration requirement under Legal Metrology law
We highlighted the applicability of Legal Metrology law on component manufacturers supplying goods to OEMs in packaged form. We also wish to highlight that every person dealing in pre-packaged commodity (FMCG, Consumer Durables etc.) are covered under Legal Metrology...