Archives

ITC eligibility on works contract services

ITC eligibility on works contract services

Section 16 of the Central Goods and Services Tax Act, 2017 (‘CGST Act’) allows Input Tax Credit (‘ITC’) on all goods and services procured in course and furtherance of business. However, the legislature has barred ITC on several supplies enlisted in Section 17(5) even...

International Trade Law Update #3

International Trade Law Update #3

Recently, the United States Department of Commerce (USDOC) preliminarily determined that countervailable subsidies are being provided to producers and exporters of utility scale wind towers (wind towers) from India. In coming to the conclusion, the USDOC has examined...

Cancellation and Suspension of Registration

Cancellation and Suspension of Registration

We hope you and your loved ones are safe and healthy. We pray for speedy recovery for ones effected by COVID-19. COVID-19 pandemic is spreading at rapid pace across India and NITYA family is no exception to this. During last few weeks, many of our team members and...

International Trade Law Update #2

International Trade Law Update #2

DGTR has issued Trade Notice prescribing that gap between the end of the proposed Period of Investigation and date of application should not be older than 4 months.   Previously the said period was 5 months as per check-list provided with Trade Notice 15 of 2018. The...

International Trade Law Update #2

International Trade Law Update #1

Central Government has been creating ambiguity on levy of Anti-Dumping Duty (‘ADD’) wherein Ministry of Commerce recommends ADD imposition but Ministry of Finance does not accept such recommendation. Latest example is recent Notification wherein Ministry of Finance...

error: Content is protected !!