NITYA | Update on 47th GST Council Meeting – 3rd Edition GST Council concluded its 47th Meeting on June 29, 2022, proposing a long list of amendments and clarifications. Recently, several Notifications and Circulars have been issued to give effect to the decisions...
NITYA | Update on 47th GST Council Meeting – 2nd Edition GST Council concluded its 47th Meeting on June 29, 2022 after a gap of 6 months. The common theme running through most of the proposals appears to be of increasing revenue collection. Further, expectations for...
Update on 47th GST Council Meeting GST Council concluded its 47th Meeting on June 29, 2022 after a gap of 6 months. The common theme running through most of the proposals appears to be of increasing revenue collection. Further, expectations for clarity on GST on Ocean...
CBIC Instruction on classification of parts & accessories of automobiles comes as relief after much debated Westinghouse judgment We apprised you regarding rising disputes on classification of parts and accessories of automobiles in light of the Supreme Court...
Change in Customs Tariff w.e.f. January 1, 2022 This is to update you that Section 104(iii) of the Finance Act, 2021 which prescribed amendments in the First Schedule of the Customs Tariff Act, 1975 (‘Customs Tariff’) will become effective from January 1, 2022. This...
Non acceptance of MEIS claims by ICEGATE portal We apprised you that the Delhi High Court has also accepted challenge to capping benefits under Merchandise Exports from India Scheme (‘MEIS’). To add to exporters’ woes and much to everyone’s surprise,...
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