48th GST Council Meeting The GST Council concluded its 48th Meeting on December 17, 2022. The Council has proposed significant legislative amendments including re-availment of ITC, decriminalization of certain offences and increasing threshold, streamlining procedure...
NITYA | Indirect Tax Bulletin | December 2022 | Week 2 Please click on the below link to NITYA | Indirect Tax Bulletin | December 2022 | Week 2 (Legal Precedents, Other Updates, Articles, Short Videos and Recent News) covering all recent updates. NITYA I Indirect Tax...
Transitional Credits – Not everyone can knock your door The journey to transition credits was a roller coaster ride for taxpayers since large number of taxpayers could not transition their credits and resultantly courts were flooded with writ petitions. Ultimately,...
Matching of ITC on imported goods with GSTR-2B We wish to apprise you that department has recently started issuing notices seeking reasons for variance between ITC availed on imported goods in GSTR-3B vis-à-vis ITC reflected in GSTR-2B. NITYA Comments: At first place,...
NITYA | Indirect Tax Bulletin | December 2022 | Week 1 Please click on the below link to NITYA | Indirect Tax Bulletin | December 2022 | Week 1 (Legal Precedents, Other Updates, Articles, Short Videos and Recent News) covering all recent updates. NITYA I Indirect Tax...
Availment of ITC on canteen facility provided to contractual workers We intend to update you on issue of availability of ITC on canteen facility provided to contractual workers at par with employees. Section 17(5)(b) of the CGST Act allows ITC on food, beverages and...
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