Eye Share : GST on Supply of free items and discounts – the confusion continues Recently, CBIC issued Circular No. 92/11/2019-GST dated March 7, 2019 clarifying treatment of sales promotion schemes under GST viz. buy one get one, free samples, pre-agreed discounts...
Retrospective reversal of ITC for real estate sector – An ‘unreal’ welfare? By Puneet Bansal, Managing Partner, NITYA Tax Associates “You can’t build a great building on a weak foundation. You must have a solid foundation if you’re...
Interest on supplementary invoices – Is it still payable under GST regime? By Puneet Bansal, Managing Partner, M/s NITYA Tax Associates WITH maturing commercial understanding between buyers and sellers, commercial contracts often undergo a retrospective price...
Tolerance Of An Act: A Race To Tax The Unexpected By Poonam Harjani & Ashutosh Mishra”The supreme irony of life is that hardly anyone gets out of it alive”To Read More, Please click on the below mentioned link:Tolerance Of An Act: A Race To Tax The...
Tolerance Of An Act: A Race To Tax The Unexpected By Poonam Harjani & Ashutosh Mishra”The supreme irony of life is that hardly anyone gets out of it alive”- Robert A Heinlein Yes, it is true, ‘Life is indeed ironic!’. Otherwise who would...
A Case of Profiteering by HUL Puneet Bansal (Managing Partner, Nitya Tax)“(Prof. Sparrow on regulators) The essence of crafts lies in picking right tool for the job, knowing when to use when in combination, and having a system for reorganising when the tools are...
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