Government notifies SEIS rates for FY 2019-20
The Government vide Notification No. 29/2015-20 dated September 23, 2021, has notified Appendix 3X, listing out services and available rates under Service Exports from India Scheme (‘SEIS’) for Financial Year (‘FY’) 2019-20. The salient features of this Notification...
Dilemma of Inverted Duty Refund – The Road Not Taken!
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 77 – “Dilemma of Inverted Duty Refund – The Road Not Taken!” GST was introduced with...
CBIC issues clarificatory Circulars post 45th GST Council Meeting
We shared our views on recommendations of GST Council in 45th GST Council (‘Council’) Meeting (update available at https://nityatax.com/changes-proposed-in-45th-gst-council-meeting). There were various issues on which Council proposed issuance of clarifications....
Taxability of Intermediaries – Ultra Vires or Unfair? (Part-1)
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 76 – “Taxability of Intermediaries – Ultra Vires or Unfair? (Part-1)” Much water has...
NITYA | Indirect Tax Bulletin | September 2021 | Week 3
Please click on the below link to NITYA | Indirect Tax Bulletin | September 2021 | Week 3 (Legal Precedents and Recent News) covering all recent updates for your kind perusal. NITYA I Indirect Tax Bulletin I Septmber 2021 I Week 3 We hope you will enjoy reading NITYA...
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...