Key decisions taken in 42nd GST Council Meeting While 42nd GST Council meeting witnessed Centre and States locking horns over issue of shortfall in GST compensation, GST Council also took several key decisions ranging from extension of levy of Compensation Cess beyond...
Amendments in Central Goods & Services Tax Rules, 2017 regarding E-Invoicing Vide this email, we wish to appraise you regarding recent amendments in the Central Goods & Services Tax Rules, 2017 (‘CGST Rules’) and relaxation issued related to E-Invoicing. The...
Present status of RoDTEP and immediate next steps for exporters The current Merchandise Export Incentive Scheme (‘MEIS’) is in vogue only till December 2020. Thereafter, exporters will be granted benefit under new scheme viz. Remission of Duties and Taxes on Exported...
Taxable persons required to issue e-invoice – amendment As you are aware, E-Invoicing is being implemented from October 1, 2020 for taxpayers having aggregate turnover more than Rs.500 crores. The Government has now mandated E-Invoicing for taxpayers having aggregate...
High Court denies refund on input services under ‘inverted tax’ category We apprised you regarding judgment of Gujarat High Court in the case of VKC Footsteps India Private Limited v. UOI, 2020-VIL-340-GUJ allowing refund on input services under ‘inverted tax’...
New Gujarat Industrial Policy 2020 Vide this update, we wish to apprise key features of the New Gujarat Industrial Policy 2020 which intends to make Gujarat ‘The Business Card of India’. The Policy focuses to promote MSMEs with added focus on certain ‘Thrust Sectors’....
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