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,...
Transiting ISD Credits: Battle half won, but clock is still ticking !!! Transition of erstwhile credits into GST regime has remained a vexed issue due to drafting insufficiencies and technical glitches of GST portal. The legislature even had to bring retrospective...
Scope of term ‘Proceedings’ under GST I The mystery continues! The term ‘Proceedings’ has been used in different context in various provisions under GST law. Infusion of such words inter alia in provisions relating to advance ruling and concurrent jurisdiction to both...
Payment of Pre-Deposit from Electronic Credit Ledger: Entangled Legally! A conundrum exists on whether payment of pre-deposit under GST can be made from electronic credit ledger even after various rulings and clarifications. Contrasting views have been given by...
Interest and Penalty on IGST levied on import of goods I A legal faux pas? Disputes relating to levy and collection of tax, interest and penalty absent a substantive provision have been a bone of contention between taxpayers and revenue since inception of taxing...
Export freight made taxable – Overview and Repercussions!!! GST Exemption on services of transportation of goods for exports through air or vessel expired on September 30, 2022. While taxpayers were hoping that the exemption on such services would be extended, the...
“The rules of the Bar Council of India prohibit law firms from advertising and soliciting work through communication in the public domain. This website is meant solely for the purposes of providing information and not for the purpose of advertising. This knowledge site is not intended to be a source of advertising or solicitation and the contents of the knowledge site should not be construed as legal advice. NITYA Tax Attorneys do not intend to use this website for directly or indirectly soliciting or advertising an attorney-client relationship from a user of this website.
By proceeding further and clicking on the “I AGREE” button herein below, the user expresses acknowledgement of having read and understood the Disclaimer & Terms of Use above or please close this browser window to exit this website.
